Deutsche Bank AG Sells 1,540,481 Shares of JD.com, Inc. (NASDAQ:JD)

Deutsche Bank AG decreased its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 96.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,871 shares of the information services provider's stock after selling 1,540,481 shares during the period. Deutsche Bank AG's holdings in JD.com were worth $2,110,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JD. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in JD.com by 95.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 54,718 shares of the information services provider's stock worth $1,897,000 after acquiring an additional 26,758 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of JD.com by 188,579.2% in the 4th quarter. CoreCap Advisors LLC now owns 45,283 shares of the information services provider's stock worth $1,570,000 after purchasing an additional 45,259 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of JD.com by 18.5% in the 4th quarter. Cetera Investment Advisers now owns 60,634 shares of the information services provider's stock worth $2,102,000 after purchasing an additional 9,482 shares in the last quarter. Bridgefront Capital LLC purchased a new position in shares of JD.com in the fourth quarter worth $297,000. Finally, Bamco Inc. NY lifted its holdings in shares of JD.com by 52.2% during the fourth quarter. Bamco Inc. NY now owns 1,230,151 shares of the information services provider's stock valued at $42,649,000 after purchasing an additional 421,643 shares in the last quarter. Institutional investors own 15.98% of the company's stock.

JD.com Stock Performance

JD opened at $33.69 on Friday. The company's 50 day moving average is $36.45 and its 200 day moving average is $37.65. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a market cap of $53.13 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82.

JD.com Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup reaffirmed a "buy" rating and set a $51.00 price objective (down from $56.00) on shares of JD.com in a research report on Monday, April 28th. JPMorgan Chase & Co. upped their target price on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Mizuho decreased their price objective on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Finally, UBS Group set a $51.00 target price on shares of JD.com in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.42.

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.

Want to see what other hedge funds are holding JD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JD.com, Inc. (NASDAQ:JD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.