US Bancorp DE lowered its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 57.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,830 shares of the information services provider's stock after selling 68,323 shares during the period. US Bancorp DE's holdings in JD.com were worth $1,728,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Two Sigma Advisers LP grew its stake in shares of JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock worth $252,268,000 after purchasing an additional 4,839,700 shares during the last quarter. FMR LLC grew its position in shares of JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock valued at $611,080,000 after buying an additional 4,445,277 shares during the last quarter. National Bank of Canada FI increased its stake in shares of JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock valued at $88,580,000 after buying an additional 2,211,095 shares during the period. Point72 Asset Management L.P. raised its position in shares of JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider's stock worth $161,356,000 after acquiring an additional 2,175,568 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of JD.com in the third quarter worth approximately $73,311,000. Institutional investors and hedge funds own 15.98% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on JD. Benchmark increased their target price on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research report on Friday. Barclays boosted their target price on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Citigroup decreased their price target on JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a report on Friday, November 15th. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research note on Friday. Finally, StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.43.
View Our Latest Report on JD
JD.com Stock Up 0.3 %
Shares of JD traded up $0.11 on Tuesday, reaching $40.75. The company's stock had a trading volume of 13,164,016 shares, compared to its average volume of 13,620,652. The stock has a market capitalization of $64.27 billion, a PE ratio of 12.90, a PEG ratio of 0.31 and a beta of 0.43. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. The firm has a fifty day moving average of $39.12 and a 200-day moving average of $36.95.
JD.com Increases Dividend
The business also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a $0.76 dividend. This represents a dividend yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is a positive change from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is currently 19.73%.
JD.com Company Profile
(
Free Report)
JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
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