Arrowstreet Capital Limited Partnership Sells 1,339,853 Shares of JD.com, Inc. (NASDAQ:JD)

Arrowstreet Capital Limited Partnership decreased its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 38.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,159,156 shares of the information services provider’s stock after selling 1,339,853 shares during the period. Arrowstreet Capital Limited Partnership owned 0.14% of JD.com worth $74,858,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Allianz SE bought a new position in JD.com during the fourth quarter worth $52,000. Transamerica Financial Advisors Inc. increased its stake in JD.com by 41.1% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 3,604 shares of the information services provider’s stock valued at $125,000 after purchasing an additional 1,050 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of JD.com by 32.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 22,053 shares of the information services provider’s stock valued at $765,000 after purchasing an additional 5,465 shares during the period. Premier Fund Managers Ltd bought a new position in shares of JD.com during the 4th quarter worth about $6,148,000. Finally, Norges Bank acquired a new stake in shares of JD.com in the 4th quarter valued at about $70,130,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group set a $51.00 price target on JD.com in a report on Friday, March 7th. Barclays increased their target price on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Benchmark upped their price objective 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. Finally, JPMorgan Chase & Co. lifted 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. Two investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.64.

JD.com Stock Performance

JD stock opened at $41.12 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm has a market cap of $64.85 billion, a PE ratio of 13.01, a P/E/G ratio of 0.31 and a beta of 0.43. The business has a 50 day moving average of $41.29 and a 200-day moving average of $38.64. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82.

JD.com Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a $0.76 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is an increase from JD.com’s previous annual dividend of $0.74. JD.com’s dividend 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.