ProShare Advisors LLC Reduces Holdings in JD.com, Inc. (NASDAQ:JD)

ProShare Advisors LLC lowered its stake in shares of JD.com, Inc. (NASDAQ:JD) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,189 shares of the information services provider’s stock after selling 2,762 shares during the quarter. ProShare Advisors LLC’s holdings in JD.com were worth $2,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers increased its stake in shares of JD.com by 1.7% in the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock worth $561,000 after acquiring an additional 265 shares in the last quarter. Quintet Private Bank Europe S.A. grew its holdings in JD.com by 4.5% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock worth $271,000 after purchasing an additional 334 shares during the period. Nisa Investment Advisors LLC grew its holdings in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of JD.com by 4.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock valued at $353,000 after purchasing an additional 436 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of JD.com by 0.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider’s stock valued at $3,487,000 after purchasing an additional 597 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Up 0.8%

Shares of JD opened at $33.95 on Wednesday. The business’s 50 day simple moving average is $36.87 and its 200-day simple moving average is $37.72. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The stock has a market capitalization of $53.54 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56.

JD.com Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were given a $0.76 dividend. The ex-dividend date was Tuesday, April 8th. This is an increase from JD.com’s previous annual dividend of $0.74. This represents a yield of 1.7%. JD.com’s dividend payout ratio (DPR) is currently 23.84%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Susquehanna cut their target price on JD.com from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, May 15th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, Sanford C. Bernstein reissued 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, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.42.

About JD.com

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.