Victory Capital Management Inc. trimmed its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 87.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,307 shares of the information services provider's stock after selling 176,322 shares during the period. Victory Capital Management Inc.'s holdings in JD.com were worth $843,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. lifted its position in shares of JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock worth $16,012,000 after purchasing an additional 36,096 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its position in JD.com by 5.9% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock worth $143,086,000 after buying an additional 200,200 shares in the last quarter. KBC Group NV lifted its position in JD.com by 213.4% during the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock worth $12,343,000 after buying an additional 242,409 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of JD.com by 65,089.6% during the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock worth $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of JD.com by 20.4% in the 4th quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock valued at $13,646,000 after acquiring an additional 66,693 shares in the last quarter. 15.98% of the stock is owned by institutional investors.
JD.com Stock Performance
Shares of JD traded up $0.33 during mid-day trading on Monday, hitting $42.57. 8,121,604 shares of the company's stock were exchanged, compared to its average volume of 13,571,555. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm has a market cap of $67.14 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The stock's 50-day simple moving average is $40.60 and its 200-day simple moving average is $37.98. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82.
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 given a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is an increase from JD.com's previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com's dividend payout ratio is presently 26.13%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Barclays boosted their price target on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Dbs Bank raised JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Benchmark lifted their target price on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $45.64.
Get Our Latest Stock Analysis on JD
About JD.com
(
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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