JD.com, Inc. (NASDAQ:JD) Shares Sold by Diametric Capital LP

Diametric Capital LP lessened its stake in shares of JD.com, Inc. (NASDAQ:JD) by 17.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,547 shares of the information services provider’s stock after selling 2,661 shares during the period. Diametric Capital LP’s holdings in JD.com were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JD. Appaloosa LP boosted its stake in JD.com by 43.4% during the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after purchasing an additional 3,165,885 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of JD.com by 329.9% in 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 buying an additional 4,839,700 shares in the last quarter. Point72 Asset Management L.P. boosted its position in JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after acquiring an additional 2,175,568 shares during the last quarter. Maple Rock Capital Partners Inc. grew its stake 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 valued at $143,086,000 after acquiring an additional 200,200 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in JD.com by 76.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider’s stock valued at $114,886,000 after acquiring an additional 1,440,418 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Trading Down 1.1 %

Shares of JD stock opened at $41.12 on Tuesday. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The company has a 50 day moving average price of $41.29 and a 200 day moving average price of $38.64. The stock has a market capitalization of $64.85 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

JD.com Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on JD shares. Benchmark boosted their target price on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, March 7th. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. raised their target price 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 reissued a “neutral” rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Finally, Barclays raised their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.64.

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.