Voloridge Investment Management LLC Cuts Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Voloridge Investment Management LLC lessened its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 639,704 shares of the information services provider's stock after selling 377,333 shares during the quarter. Voloridge Investment Management LLC's holdings in JD.com were worth $22,179,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in JD.com by 1.7% in the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock worth $561,000 after acquiring an additional 265 shares in the last quarter. Quintet Private Bank Europe S.A. lifted its holdings in shares of 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 grew its position 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 purchasing an additional 417 shares during the period. Sequoia Financial Advisors LLC grew its position in JD.com by 4.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock valued at $353,000 after purchasing an additional 436 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in JD.com by 0.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock valued at $3,487,000 after purchasing an additional 597 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

Shares of JD traded down $0.85 during mid-day trading on Tuesday, hitting $32.50. The stock had a trading volume of 7,821,803 shares, compared to its average volume of 14,035,418. The business has a fifty day moving average price of $35.99 and a 200-day moving average price of $37.53. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82. The firm has a market cap of $51.26 billion, a P/E ratio of 10.28, a PEG ratio of 0.31 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

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 issued a $0.76 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This is an increase from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. JD.com's dividend payout ratio (DPR) is 23.84%.

Analyst Ratings Changes

A number of research firms have weighed in on JD. Bank of America dropped 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 note on Wednesday, April 16th. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Susquehanna dropped their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th. Wall Street Zen downgraded JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, Morgan Stanley set a $39.00 target price on shares of JD.com in a research note on Tuesday, May 13th. Two investment 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 company's stock. According to MarketBeat.com, the company has a consensus 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.