Boston Partners Sells 351,967 Shares of JD.com, Inc. (NASDAQ:JD)

Boston Partners cut its holdings in JD.com, Inc. (NASDAQ:JD) by 77.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,598 shares of the information services provider’s stock after selling 351,967 shares during the quarter. Boston Partners’ holdings in JD.com were worth $3,522,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Atria Investments Inc acquired a new position in shares of JD.com during the 3rd quarter valued at about $348,000. Victory Capital Management Inc. grew its holdings in JD.com by 681.8% during the third quarter. Victory Capital Management Inc. now owns 200,629 shares of the information services provider’s stock valued at $8,025,000 after purchasing an additional 174,966 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of JD.com in the third quarter valued at approximately $453,000. PNC Financial Services Group Inc. lifted its stake in shares of JD.com by 2.5% in the third quarter. PNC Financial Services Group Inc. now owns 52,425 shares of the information services provider’s stock worth $2,097,000 after buying an additional 1,267 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of JD.com by 85.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,776 shares of the information services provider’s stock worth $791,000 after buying an additional 9,112 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

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

JD.com Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on JD. UBS Group set a $51.00 target price on shares of JD.com in a research report on Friday, March 7th. Dbs Bank raised JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. Susquehanna restated a “neutral” rating and issued a $45.00 price objective (up previously from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.64.

JD.com Company 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.