Voloridge Investment Management LLC Sells 377,333 Shares of JD.com, Inc. (NASDAQ:JD)

Voloridge Investment Management LLC cut its holdings in JD.com, Inc. (NASDAQ:JD) by 37.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 639,704 shares of the information services provider’s stock after selling 377,333 shares during the period. Voloridge Investment Management LLC’s holdings in JD.com were worth $22,179,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Richardson Financial Services Inc. purchased a new position in JD.com in the fourth quarter valued at approximately $27,000. Nisa Investment Advisors LLC lifted its stake in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of JD.com by 111.6% during the fourth 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 in the last quarter. GeoWealth Management LLC lifted its position in shares of JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider’s stock worth $48,000 after acquiring an additional 785 shares in the last quarter. Finally, WASHINGTON TRUST Co purchased a new stake in shares of JD.com during the fourth quarter worth $52,000. 15.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on JD shares. Bank of America decreased their price target on shares of JD.com from $51.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Dbs Bank raised shares of 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 note on Friday, March 7th. Macquarie reaffirmed a “neutral” rating and set a $35.00 price objective on shares of JD.com in a research note on Wednesday, April 23rd. Finally, Morgan Stanley set a $39.00 price objective on JD.com in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.42.

JD.com Price Performance

JD stock opened at $33.69 on Friday. The firm has a 50 day moving average price of $36.45 and a 200-day moving average price of $37.65. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The firm has a market capitalization of $53.13 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.31 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

JD.com Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is a positive change from JD.com’s previous annual dividend of $0.74. The ex-dividend date of this dividend was Tuesday, April 8th. JD.com’s dividend payout ratio (DPR) is presently 23.84%.

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.