Lazard Asset Management LLC Sells 1,419,759 Shares of JD.com, Inc. (NASDAQ:JD)

Lazard Asset Management LLC decreased its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 18.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,374,999 shares of the information services provider's stock after selling 1,419,759 shares during the period. Lazard Asset Management LLC owned approximately 0.40% of JD.com worth $221,020,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its position in shares of JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after buying an additional 13,170,649 shares in the last quarter. Appaloosa LP raised its position in shares of JD.com by 43.4% during the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after buying an additional 3,165,885 shares during the period. Voya Investment Management LLC purchased a new position in shares of JD.com during the 4th quarter worth $109,665,000. Aspex Management HK Ltd acquired a new position in shares of JD.com in the 4th quarter worth approximately $93,562,000. Finally, Norges Bank purchased a new position in shares of JD.com during the fourth quarter worth $70,130,000. Institutional investors and hedge funds own 15.98% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on JD shares. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Bank of America reduced their price target on shares of JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. UBS Group set a $51.00 price objective on shares of JD.com in a research report on Friday, March 7th. Susquehanna cut their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $47.42.

JD.com Stock Down 3.9%

NASDAQ:JD traded down $1.38 during trading hours on Thursday, hitting $34.35. 19,580,451 shares of the stock traded hands, compared to its average volume of 14,449,717. The firm has a market cap of $54.17 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $37.42 and a 200 day moving average price of $37.93.

JD.com Increases Dividend

The company 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 represents a 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 26.13%.

JD.com Company 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.