Avantax Advisory Services Inc. Sells 3,578 Shares of JD.com, Inc. (NASDAQ:JD)

Avantax Advisory Services Inc. lowered its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 16.8% during the 4th quarter, HoldingsChannel reports. The fund owned 17,746 shares of the information services provider’s stock after selling 3,578 shares during the period. Avantax Advisory Services Inc.’s holdings in JD.com were worth $615,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Citigroup Inc. boosted its stake in JD.com by 9.9% during the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock worth $16,012,000 after acquiring an additional 36,096 shares in the last quarter. Maple Rock Capital Partners Inc. raised its holdings in JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after buying an additional 200,200 shares during the last quarter. KBC Group NV raised its holdings in JD.com by 213.4% in 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. National Bank of Canada FI raised its holdings in JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in JD.com by 20.4% in 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. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

NASDAQ JD opened at $42.24 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The stock has a market cap of $66.62 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.31 and a beta of 0.43. The company’s 50 day moving average is $40.60 and its two-hundred day moving average is $37.83.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.7%. This is an increase from JD.com’s previous annual dividend of $0.74. JD.com’s payout ratio is currently 26.13%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Benchmark boosted 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. Barclays boosted 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. Finally, 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. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average 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.