JD.com, Inc. (NASDAQ:JD) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 41.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,318 shares of the information services provider's stock after selling 72,178 shares during the period. Ameriprise Financial Inc.'s holdings in JD.com were worth $3,582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC raised its position in JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock worth $986,280,000 after acquiring an additional 13,170,649 shares during the last quarter. Appaloosa LP raised its position in JD.com by 43.4% during 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 during the last quarter. Voya Investment Management LLC acquired a new position in JD.com during the fourth quarter worth about $109,665,000. Aspex Management HK Ltd acquired a new position in JD.com during the fourth quarter worth about $93,562,000. Finally, Norges Bank acquired a new position in JD.com during the fourth quarter worth about $70,130,000. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Trading Down 1.8%

JD.com stock traded down $0.59 during trading on Friday, reaching $32.35. The company had a trading volume of 11,019,075 shares, compared to its average volume of 14,043,530. 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, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The stock's 50 day moving average price is $35.19 and its two-hundred day moving average price is $37.40. The firm has a market capitalization of $51.02 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.31 and a beta of 0.56.

JD.com Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.76 per share. This is an increase from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, April 8th. JD.com's payout ratio is currently 23.84%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Macquarie restated a "neutral" rating and set a $35.00 target price on shares of JD.com in a research report on Wednesday, April 23rd. Mizuho cut their target price on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. JPMorgan Chase & Co. lowered their price target on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday. Susquehanna lowered their price target on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, May 15th. Finally, Benchmark lowered their price target on shares of JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.33.

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.