JD.com, Inc. (NASDAQ:JD) Holdings Decreased by Formidable Asset Management LLC

Formidable Asset Management LLC cut its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 24.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,201 shares of the information services provider's stock after selling 29,615 shares during the period. Formidable Asset Management LLC's holdings in JD.com were worth $3,093,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. KBC Group NV grew its holdings in JD.com by 213.4% in the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock worth $12,343,000 after purchasing an additional 242,409 shares during the period. Appaloosa LP boosted its holdings in JD.com by 43.4% in the fourth 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. Temasek Holdings Private Ltd boosted its holdings in JD.com by 18.4% in the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock worth $160,366,000 after purchasing an additional 718,760 shares during the last quarter. Van ECK Associates Corp raised its position in JD.com by 20.4% in the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock worth $13,646,000 after acquiring an additional 66,693 shares during the period. Finally, Alberta Investment Management Corp raised its position in JD.com by 25.4% in the fourth quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock worth $17,492,000 after acquiring an additional 102,326 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on JD. Bank of America decreased their price objective on shares of JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Barclays lifted their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Benchmark dropped their price objective on shares of JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Morgan Stanley set a $39.00 price target on shares of JD.com in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday. 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. Based on data from MarketBeat.com, JD.com has a consensus rating of "Moderate Buy" and an average price target of $46.33.

JD.com Stock Down 2.4%

JD.com stock traded down $0.81 during trading on Tuesday, reaching $32.54. The stock had a trading volume of 11,802,016 shares, compared to its average volume of 14,049,721. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The business has a 50 day moving average price of $35.99 and a 200 day moving average price of $37.53. The stock has a market cap of $51.32 billion, a PE ratio of 10.30, a P/E/G ratio of 0.31 and a beta of 0.56.

JD.com Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a dividend yield of 1.7%. This is an increase from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is presently 23.84%.

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.