Schonfeld Strategic Advisors LLC Cuts Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Schonfeld Strategic Advisors LLC cut its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 14.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 713,833 shares of the information services provider's stock after selling 116,964 shares during the period. Schonfeld Strategic Advisors LLC's holdings in JD.com were worth $24,749,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Virtu Financial LLC grew its stake in shares of JD.com by 86.5% in the third quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider's stock valued at $2,766,000 after buying an additional 32,079 shares in the last quarter. World Investment Advisors LLC acquired a new stake in JD.com in the third quarter valued at approximately $3,170,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com during the third quarter valued at approximately $49,000. Tidal Investments LLC lifted its position in shares of JD.com by 38.7% during the third quarter. Tidal Investments LLC now owns 34,036 shares of the information services provider's stock worth $1,361,000 after purchasing an additional 9,500 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in JD.com during the 3rd quarter valued at $341,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

Shares of NASDAQ:JD opened at $32.70 on Tuesday. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The stock has a fifty day moving average of $39.21 and a 200-day moving average of $38.40. The company has a market capitalization of $51.57 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

JD.com Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.76 per share. This represents a dividend yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is an increase from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio is 26.13%.

Analyst Ratings Changes

JD has been the subject of several recent analyst reports. Barclays raised their target price on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Dbs Bank upgraded JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Mizuho lifted their price target on shares of JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Finally, Benchmark increased their price objective on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.27.

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.

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