Voloridge Investment Management LLC Sells 377,333 Shares of JD.com, Inc. (NASDAQ:JD)

Voloridge Investment Management LLC cut its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 37.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 639,704 shares of the information services provider's stock after selling 377,333 shares during the period. Voloridge Investment Management LLC's holdings in JD.com were worth $22,179,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Waverly Advisors LLC bought a new position in shares of JD.com in the fourth quarter worth approximately $310,000. Woodline Partners LP boosted its position in shares of 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 purchasing an additional 2,587 shares during the period. Vident Advisory LLC boosted its position 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 purchasing an additional 1,572 shares during the period. Temasek Holdings Private Ltd boosted its position in shares of 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 period. Finally, Scion Asset Management LLC bought a new position in shares of JD.com in the fourth quarter worth approximately $10,401,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Price Performance

JD.com stock traded down $0.72 during mid-day trading on Wednesday, reaching $31.82. 4,490,802 shares of the company's stock traded hands, compared to its average volume of 14,013,786. The company has a market cap of $50.18 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.31 and a beta of 0.56. The stock has a 50 day moving average of $35.78 and a two-hundred day moving average of $37.50. 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 12-month low of $24.13 and a 12-month high of $47.82.

JD.com Increases Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were paid a $0.76 dividend. 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 is currently 23.84%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JD. Benchmark dropped their price target on shares of JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. UBS Group set a $51.00 price target on shares of JD.com in a research report on Friday, March 7th. Citigroup restated a "buy" rating and set a $51.00 target price (down previously from $56.00) on shares of JD.com in a research report on Monday, April 28th. Mizuho dropped 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. Finally, Susquehanna dropped their target price on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Two 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 company. Based on data from MarketBeat, JD.com presently has an average rating of "Moderate Buy" and an average target price 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.