Alkeon Capital Management LLC decreased its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 24.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,777,272 shares of the information services provider's stock after selling 1,250,000 shares during the quarter. Alkeon Capital Management LLC owned about 0.24% of JD.com worth $130,958,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Aspex Management HK Ltd purchased a new position in JD.com during the fourth quarter worth approximately $93,562,000. AXA S.A. raised its position in shares of JD.com by 27.1% in the 4th quarter. AXA S.A. now owns 285,988 shares of the information services provider's stock worth $9,915,000 after buying an additional 61,020 shares during the period. Alden Global Capital LLC boosted its holdings in JD.com by 49.5% in the fourth quarter. Alden Global Capital LLC now owns 156,637 shares of the information services provider's stock valued at $5,431,000 after acquiring an additional 51,892 shares during the last quarter. Wahed Invest LLC grew its position in JD.com by 33.6% during the fourth quarter. Wahed Invest LLC now owns 22,594 shares of the information services provider's stock valued at $783,000 after acquiring an additional 5,685 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its stake in JD.com by 22.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,688 shares of the information services provider's stock worth $648,000 after acquiring an additional 3,364 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Benchmark lifted their price objective on JD.com from $47.00 to $58.00 and gave the company a "buy" 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. Barclays increased their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Two 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.27.
View Our Latest Stock Analysis on JD.com
JD.com Price Performance
Shares of NASDAQ JD opened at $34.47 on Friday. The business has a 50 day moving average price of $38.60 and a two-hundred day moving average price of $38.20. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The firm has a market cap of $54.36 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. 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 Increases Dividend
The business also recently declared an annual dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were paid a $0.76 dividend. This represents a dividend yield of 1.7%. The ex-dividend date was Tuesday, April 8th. This is a positive change from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is 26.13%.
About JD.com
(
Free Report)
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.
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