Arrowstreet Capital Limited Partnership Sells 1,339,853 Shares of JD.com, Inc. (NASDAQ:JD)

Arrowstreet Capital Limited Partnership lessened its stake in JD.com, Inc. (NASDAQ:JD) by 38.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,159,156 shares of the information services provider’s stock after selling 1,339,853 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in JD.com were worth $74,858,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Rhumbline Advisers boosted its position in JD.com by 1.7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock worth $561,000 after purchasing an additional 265 shares during the period. Quintet Private Bank Europe S.A. raised its position in shares of JD.com by 4.5% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock valued at $271,000 after purchasing an additional 334 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after buying an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in JD.com by 4.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock worth $353,000 after buying an additional 436 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in JD.com by 0.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider’s stock valued at $3,487,000 after buying an additional 597 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on JD shares. Susquehanna reaffirmed a “neutral” rating and issued a $45.00 price target (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Mizuho lifted their target price on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, March 7th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Barclays raised their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.64.

JD.com Stock Down 1.1 %

Shares of NASDAQ:JD opened at $41.12 on Tuesday. The firm has a fifty day moving average of $41.29 and a 200 day moving average of $38.64. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The firm has a market capitalization of $64.85 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

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

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.