Mitsubishi UFJ Trust & Banking Corp Sells 38,496 Shares of JD.com, Inc. (NASDAQ:JD)

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of JD.com, Inc. (NASDAQ:JD) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,055,538 shares of the information services provider’s stock after selling 38,496 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of JD.com worth $36,596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Citigroup Inc. increased its stake in JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after purchasing an additional 36,096 shares in the last quarter. Maple Rock Capital Partners Inc. increased its position in JD.com by 5.9% in the 3rd 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 in the last quarter. KBC Group NV raised its stake in JD.com by 213.4% during the 4th 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 period. Appaloosa LP boosted its holdings in JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after acquiring an additional 2,211,095 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Up 0.7 %

NASDAQ:JD opened at $41.78 on Thursday. 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 firm’s 50-day moving average price is $41.05 and its 200-day moving average price is $38.23. The company has a market capitalization of $65.89 billion, a PE ratio of 13.22, a P/E/G ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82.

JD.com Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays boosted their price target on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. UBS Group set a $51.00 price target on shares of JD.com in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.