JD.com, Inc. (NASDAQ:JD) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd reduced its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 47.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 956,090 shares of the information services provider's stock after selling 876,676 shares during the period. JD.com makes up about 2.0% of Point72 Hong Kong Ltd's holdings, making the stock its 7th largest holding. Point72 Hong Kong Ltd owned about 0.06% of JD.com worth $33,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. KBC Group NV grew its holdings in shares of JD.com by 213.4% during the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock worth $12,343,000 after buying an additional 242,409 shares during the last quarter. Appaloosa LP grew its holdings in shares of JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after buying an additional 3,165,885 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of JD.com by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock worth $13,646,000 after buying an additional 66,693 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in JD.com by 25.4% in the 4th quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock valued at $17,492,000 after purchasing an additional 102,326 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings 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 purchasing an additional 1,440,418 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

Shares of JD.com stock traded down $0.80 during trading on Friday, hitting $33.55. 13,257,060 shares of the company were exchanged, compared to its average volume of 14,387,750. 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, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The stock has a market capitalization of $52.91 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 0.31 and a beta of 0.56. The firm has a 50 day moving average price of $37.15 and a 200 day moving average price of $37.81.

JD.com Increases Dividend

The business also recently disclosed 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. This is an increase from JD.com's previous annual dividend of $0.74. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, April 8th. JD.com's payout ratio is currently 23.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on JD shares. Bank of America lowered their price objective on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Benchmark lowered their price objective on JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a report on Wednesday. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a report on Friday, March 7th. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, Barclays lifted their price objective on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, JD.com has a consensus rating of "Moderate Buy" and a consensus target price of $47.42.

About JD.com

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.