Dodge & Cox Sells 5,759,008 Shares of JD.com, Inc. (NASDAQ:JD)

Dodge & Cox reduced its holdings in JD.com, Inc. (NASDAQ:JD) by 25.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,723,441 shares of the information services provider’s stock after selling 5,759,008 shares during the quarter. Dodge & Cox’s holdings in JD.com were worth $579,802,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Richardson Financial Services Inc. bought a new stake in JD.com during the 4th quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in JD.com during the 4th quarter valued at $34,000. Nisa Investment Advisors LLC raised its holdings in shares of JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC bought a new position in JD.com in the fourth quarter valued at about $41,000. Finally, Farther Finance Advisors LLC grew its position in shares of JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 684 shares during the period. 15.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on JD shares. Benchmark boosted their target price on shares of JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Barclays lifted their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Susquehanna restated a “neutral” rating and set a $45.00 target price (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Mizuho upped their price target on JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.62.

JD.com Price Performance

JD.com stock opened at $38.18 on Tuesday. The stock has a market capitalization of $60.21 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The business has a 50 day simple moving average of $40.44 and a 200-day simple moving average of $39.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. This is a positive change from JD.com’s previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 1.7%. JD.com’s payout ratio is 26.13%.

JD.com Profile

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.