JD.com, Inc. (NASDAQ:JD) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 19.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 682,500 shares of the information services provider's stock after selling 160,500 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in JD.com were worth $23,662,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CoreView Capital Management Ltd lifted its stake in JD.com by 204.8% in the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock worth $221,878,000 after acquiring an additional 4,299,872 shares during the period. Waverly Advisors LLC purchased a new stake in JD.com during the 4th quarter valued at about $310,000. Woodline Partners LP raised its holdings in JD.com by 2.5% in the fourth quarter. Woodline Partners LP now owns 104,069 shares of the information services provider's stock worth $3,608,000 after buying an additional 2,587 shares during the last quarter. Vident Advisory LLC lifted its stake in shares of JD.com by 16.7% in the fourth quarter. Vident Advisory LLC now owns 11,005 shares of the information services provider's stock worth $382,000 after buying an additional 1,572 shares in the last quarter. Finally, Temasek Holdings Private Ltd increased its position in shares of JD.com by 18.4% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after acquiring an additional 718,760 shares in the last quarter. Institutional investors own 15.98% of the company's stock.

JD.com Stock Down 2.6%

JD.com stock traded down $0.86 during midday trading on Tuesday, reaching $32.50. The company's stock had a trading volume of 5,220,554 shares, compared to its average volume of 14,024,339. The business has a 50-day simple moving average of $35.99 and a 200-day simple moving average of $37.53. 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 quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a market cap of $51.25 billion, a P/E ratio of 10.29, a P/E/G 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 given 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 dividend payout ratio (DPR) is presently 23.84%.

Analyst Ratings Changes

A number of brokerages have weighed in on JD. Macquarie reissued a "neutral" rating and issued a $35.00 target price on shares of JD.com in a research report on Wednesday, April 23rd. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered their price target on JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday. Citigroup reaffirmed a "buy" rating and issued a $51.00 price objective (down previously from $56.00) on shares of JD.com in a research note on Monday, April 28th. Finally, Dbs Bank raised JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Two equities research 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 stock. Based on data from MarketBeat.com, JD.com presently has an average rating of "Moderate Buy" and an average target price of $46.33.

JD.com Company 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.