Victory Capital Management Inc. Trims Stock Position in JD.com, Inc. (NASDAQ:JD)

Victory Capital Management Inc. cut its stake in shares of JD.com, Inc. (NASDAQ:JD) by 87.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,307 shares of the information services provider’s stock after selling 176,322 shares during the quarter. Victory Capital Management Inc.’s holdings in JD.com were worth $843,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC increased its position in shares of JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after acquiring an additional 4,445,277 shares during the period. Two Sigma Advisers LP increased its holdings in JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after buying an additional 4,839,700 shares during the period. Fisher Asset Management LLC increased its holdings in JD.com by 9.0% during the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock valued at $162,904,000 after buying an additional 336,740 shares during the period. Point72 Asset Management L.P. increased its holdings in JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after buying an additional 2,175,568 shares during the period. Finally, Maple Rock Capital Partners Inc. increased its holdings in JD.com by 5.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after buying an additional 200,200 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Trading Down 4.1 %

NASDAQ:JD opened at $42.98 on Friday. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The firm has a fifty day simple moving average of $40.42 and a 200-day simple moving average of $37.72. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $67.78 billion, a P/E ratio of 13.60, a PEG ratio of 0.31 and a beta of 0.43.

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 paid 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 is Tuesday, April 8th. JD.com’s payout ratio is presently 26.13%.

Analyst Ratings Changes

Several brokerages recently issued reports on JD. Benchmark lifted their price objective on shares of JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a report on Friday, March 7th. Susquehanna reissued a “neutral” rating and set a $45.00 price objective (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a report on Friday, March 7th. UBS Group set a $51.00 price objective on shares of JD.com in a report on Friday, March 7th. Finally, Barclays lifted their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $45.64.

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.