Point72 Asset Management L.P. Sells 269,800 Shares of JD.com, Inc. (NASDAQ:JD)

Point72 Asset Management L.P. trimmed its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 6.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,764,100 shares of the information services provider's stock after selling 269,800 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.24% of JD.com worth $130,501,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC increased its stake in JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after acquiring an additional 13,170,649 shares during the period. Appaloosa LP raised its holdings in shares of JD.com by 43.4% in the fourth 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 last quarter. Robeco Institutional Asset Management B.V. boosted its position in JD.com by 76.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock valued at $114,886,000 after buying an additional 1,440,418 shares during the last quarter. Voya Investment Management LLC acquired a new stake in shares of JD.com in the 4th quarter valued at $109,665,000. Finally, North of South Capital LLP increased its position in JD.com by 48.2% in the fourth quarter. North of South Capital LLP now owns 2,899,808 shares of the information services provider's stock worth $100,536,000 after purchasing an additional 942,629 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Mizuho reduced their price objective on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. StockNews.com downgraded shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. UBS Group set a $51.00 price objective on shares of JD.com in a research report on Friday, March 7th. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Finally, Susquehanna dropped their price objective on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, May 15th. 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 data from MarketBeat.com, JD.com has an average rating of "Moderate Buy" and an average price target of $47.42.

JD.com Price Performance

Shares of NASDAQ JD traded up $0.35 during mid-day trading on Tuesday, hitting $34.04. 7,637,617 shares of the stock traded hands, compared to its average volume of 14,183,084. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company has a market cap of $53.68 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. The firm has a 50 day simple moving average of $37.02 and a two-hundred day simple moving average of $37.74.

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 given a dividend of $0.76 per share. 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 currently 23.84%.

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.