JD.com, Inc. (NASDAQ:JD) Shares Sold by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC cut its position in JD.com, Inc. (NASDAQ:JD) by 50.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,600 shares of the information services provider’s stock after selling 10,630 shares during the period. Douglass Winthrop Advisors LLC’s holdings in JD.com were worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JD. Richardson Financial Services Inc. purchased a new stake in shares of JD.com in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in JD.com during the fourth quarter worth $34,000. Nisa Investment Advisors LLC grew its holdings in JD.com by 71.5% in 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. Modus Advisors LLC acquired a new stake in shares of JD.com in the 4th quarter worth $41,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after acquiring an additional 684 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

JD.com stock opened at $42.24 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The firm has a market cap of $66.62 billion, a PE ratio of 13.37, a price-to-earnings-growth 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 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 $0.76 dividend. This is a boost 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 dividend payout ratio (DPR) is presently 26.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Benchmark raised their price objective on shares of JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Sanford C. Bernstein restated an “outperform” rating on shares of JD.com in a report on Friday, March 7th. Susquehanna reiterated a “neutral” rating and issued a $45.00 price objective (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Mizuho raised their target price on JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and a consensus 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.