MY.Alpha Management HK Advisors Ltd Sells 273,915 Shares of JD.com, Inc. (NASDAQ:JD)

MY.Alpha Management HK Advisors Ltd decreased its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 66.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,600 shares of the information services provider's stock after selling 273,915 shares during the quarter. JD.com makes up 2.1% of MY.Alpha Management HK Advisors Ltd's portfolio, making the stock its 14th largest position. MY.Alpha Management HK Advisors Ltd's holdings in JD.com were worth $4,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in JD. Richardson Financial Services Inc. purchased a new position in shares of JD.com during the fourth quarter valued at $27,000. Brooklyn Investment Group purchased a new position in JD.com during the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC increased its position in JD.com by 71.5% during 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. Farther Finance Advisors LLC raised its holdings in shares of JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock valued at $45,000 after purchasing an additional 684 shares in the last quarter. Finally, GeoWealth Management LLC lifted its position in shares of JD.com by 129.1% in the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after purchasing an additional 785 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of NASDAQ JD opened at $37.25 on Wednesday. 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 market cap of $58.75 billion, a PE ratio of 11.79, a P/E/G ratio of 0.31 and a beta of 0.56. 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 business has a 50-day simple moving average of $37.55 and a two-hundred day simple moving average of $37.94.

JD.com Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were paid a $0.76 dividend. The ex-dividend date was Tuesday, April 8th. This is a boost 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 26.13%.

Wall Street Analyst Weigh In

JD has been the topic of several research reports. Benchmark lifted their price objective on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a report on Friday, March 7th. Mizuho lifted their price target on JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Bank of America reduced their price target on JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Dbs Bank upgraded JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. 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 stock. According to MarketBeat.com, JD.com has a consensus rating of "Moderate Buy" and a consensus price target of $49.27.

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.

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