Oasis Management Co Ltd. Sells 69,840 Shares of JD.com, Inc. (NASDAQ:JD)

Oasis Management Co Ltd. reduced its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 29.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,160 shares of the information services provider's stock after selling 69,840 shares during the period. JD.com makes up about 1.3% of Oasis Management Co Ltd.'s investment portfolio, making the stock its 15th largest position. Oasis Management Co Ltd.'s holdings in JD.com were worth $5,726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JD. Maytus Capital Management LLC raised its position in JD.com by 83.3% in the 4th quarter. Maytus Capital Management LLC now owns 165,000 shares of the information services provider's stock worth $5,721,000 after purchasing an additional 75,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of JD.com by 15.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 93,844 shares of the information services provider's stock worth $3,253,000 after acquiring an additional 12,350 shares during the last quarter. J. Goldman & Co LP bought a new position in JD.com in the 4th quarter valued at about $770,000. Janus Henderson Group PLC acquired a new stake in shares of JD.com during the 4th quarter worth $39,634,000. Finally, JARISLOWSKY FRASER Ltd increased its stake in shares of JD.com by 161.9% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 24,792 shares of the information services provider's stock valued at $860,000 after purchasing an additional 15,326 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Barclays lifted their price target on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. increased their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Benchmark lifted their price target on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Two equities 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.27.

JD.com Trading Up 6.5%

NASDAQ:JD opened at $36.05 on Tuesday. The company has a market capitalization of $56.86 billion, a PE ratio of 11.41, a P/E/G ratio of 0.31 and a beta of 0.56. The stock's 50 day moving average price is $37.69 and its 200 day moving average price is $37.95. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. 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 firm 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. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, April 8th. JD.com's dividend payout ratio is presently 26.13%.

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.

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