PDS Planning Inc Sells 350 Shares of JD.com, Inc. (NASDAQ:JD)

PDS Planning Inc lessened its stake in JD.com, Inc. (NASDAQ:JD) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,812 shares of the information services provider’s stock after selling 350 shares during the quarter. PDS Planning Inc’s holdings in JD.com were worth $236,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in JD. FMR LLC increased 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 in the last quarter. Appaloosa LP increased its holdings in shares of JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of JD.com by 329.9% during 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 period. Fisher Asset Management LLC lifted its holdings in shares of JD.com by 9.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock valued at $162,904,000 after purchasing an additional 336,740 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after purchasing an additional 2,175,568 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on JD shares. UBS Group set a $51.00 target price on shares of JD.com in a report on Friday, March 7th. Mizuho raised their price objective on shares of JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Barclays upped their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Susquehanna reissued a “neutral” rating and issued a $45.00 price target (up previously from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $45.64.

JD.com Trading Down 0.2 %

NASDAQ JD opened at $44.83 on Thursday. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $40.25 and a 200-day moving average of $37.68. The company has a market cap of $70.70 billion, a PE ratio of 14.19, a PEG ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 8th. This is a positive change from JD.com’s previous annual dividend of $0.74. This represents a dividend yield of 1.7%. JD.com’s payout ratio is currently 26.13%.

JD.com Company 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.