Public Employees Retirement System of Ohio Sells 301,781 Shares of JD.com, Inc. (NASDAQ:JD)

Public Employees Retirement System of Ohio lessened its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 55.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,077 shares of the information services provider's stock after selling 301,781 shares during the quarter. Public Employees Retirement System of Ohio's holdings in JD.com were worth $8,427,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in shares of JD.com by 1.7% in the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock valued at $561,000 after purchasing an additional 265 shares during the last quarter. Quintet Private Bank Europe S.A. raised its stake in JD.com by 4.5% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock worth $271,000 after purchasing an additional 334 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after acquiring an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of JD.com by 4.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock worth $353,000 after acquiring an additional 436 shares during the period. Finally, Compagnie Lombard Odier SCmA boosted its holdings in shares of JD.com by 57.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,868 shares of the information services provider's stock valued at $65,000 after purchasing an additional 678 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Stock Down 1.6%

NASDAQ:JD traded down $0.53 on Friday, hitting $32.41. The stock had a trading volume of 10,955,133 shares, compared to its average volume of 14,012,707. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The firm's fifty day simple moving average is $35.38 and its two-hundred day simple moving average is $37.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a market cap of $51.11 billion, a P/E ratio of 10.26, a price-to-earnings-growth 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. Investors of record on Tuesday, April 8th were given a $0.76 dividend. This represents a dividend yield of 1.7%. The ex-dividend date was Tuesday, April 8th. This is an increase from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is 23.84%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Wall Street Zen cut JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Macquarie reissued a "neutral" rating and set a $35.00 price target on shares of JD.com in a research note on Wednesday, April 23rd. Susquehanna reduced their price target on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th. Finally, UBS Group set a $51.00 price objective on shares of JD.com in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.33.

About JD.com

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.