Townsquare Capital LLC Has $1.97 Million Position in JD.com, Inc. (NASDAQ:JD)

Townsquare Capital LLC lessened its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 67.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 56,907 shares of the information services provider’s stock after selling 118,738 shares during the period. Townsquare Capital LLC’s holdings in JD.com were worth $1,973,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rhumbline Advisers grew its stake in shares of JD.com by 1.7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock valued at $561,000 after purchasing an additional 265 shares during the last quarter. Quintet Private Bank Europe S.A. lifted its holdings in JD.com by 4.5% during the 4th quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock worth $271,000 after buying an additional 334 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after buying an additional 417 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of JD.com by 4.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock valued at $353,000 after buying an additional 436 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position 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 worth $3,487,000 after acquiring an additional 597 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

JD has been the subject of a number of research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. Bank of America lowered their price target on shares of JD.com from $51.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Barclays lifted their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Mizuho increased their price target on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

JD.com Stock Performance

Shares of JD opened at $35.33 on Thursday. The firm has a market cap of $55.72 billion, a P/E ratio of 11.18, a PEG ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The firm’s 50 day moving average price is $40.30 and its two-hundred day moving average price is $39.05.

JD.com Increases Dividend

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

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.