Massachusetts Financial Services Co. MA Sells 145,474 Shares of JD.com, Inc. (NASDAQ:JD)

Massachusetts Financial Services Co. MA trimmed its stake in shares of JD.com, Inc. (NASDAQ:JDFree Report) by 39.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,561 shares of the information services provider’s stock after selling 145,474 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in JD.com were worth $6,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of JD. Spire Wealth Management grew its stake in shares of JD.com by 81.3% in the 3rd quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock worth $63,000 after buying an additional 971 shares during the last quarter. CWM LLC raised its position in shares of JD.com by 69.3% in the 4th quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock worth $85,000 after purchasing an additional 1,208 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position in shares of JD.com by 73.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock worth $111,000 after purchasing an additional 1,631 shares during the last quarter. ICICI Prudential Asset Management Co Ltd boosted its stake in JD.com by 30.8% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 4,035 shares of the information services provider’s stock worth $118,000 after purchasing an additional 949 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in JD.com by 12.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,381 shares of the information services provider’s stock valued at $155,000 after purchasing an additional 602 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JD. Barclays upped their target price on shares of JD.com from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday. Sanford C. Bernstein increased their target price on JD.com from $28.00 to $35.00 and gave the company a “market perform” rating in a research note on Friday. Benchmark restated a “buy” rating and issued a $55.00 price target on shares of JD.com in a research note on Friday. StockNews.com cut JD.com from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Finally, Macquarie raised JD.com from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $26.00 to $40.00 in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.47.

Read Our Latest Stock Report on JD.com

JD.com Stock Up 2.9 %

Shares of NASDAQ JD opened at $35.27 on Monday. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $41.95. The firm has a 50-day simple moving average of $28.57 and a two-hundred day simple moving average of $26.48. The company has a market cap of $55.63 billion, a P/E ratio of 16.11, a PEG ratio of 0.28 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.90.

JD.com (NASDAQ:JDGet Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $4.74. The firm had revenue of $306.08 billion during the quarter, compared to analyst estimates of $300.21 billion. JD.com had a return on equity of 11.38% and a net margin of 2.26%. JD.com’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. Research analysts anticipate that JD.com, Inc. will post 2.85 earnings per share for the current year.

JD.com Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, April 29th. Stockholders of record on Friday, April 5th were given a $0.74 dividend. This represents a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, April 4th. JD.com’s payout ratio is 33.79%.

JD.com Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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