Platinum Investment Management Ltd. Sells 42,453 Shares of JD.com, Inc. (NASDAQ:JD)

Platinum Investment Management Ltd. cut its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 457,865 shares of the information services provider’s stock after selling 42,453 shares during the quarter. JD.com makes up about 0.9% of Platinum Investment Management Ltd.’s investment portfolio, making the stock its 21st biggest position. Platinum Investment Management Ltd.’s holdings in JD.com were worth $15,874,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Two Sigma Advisers LP increased its holdings in shares of JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after purchasing an additional 4,839,700 shares during the last quarter. FMR LLC increased its holdings in shares of JD.com by 41.0% in the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares during the last quarter. Appaloosa LP increased its holdings in shares of 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 purchasing an additional 3,165,885 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after purchasing an additional 2,211,095 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of JD.com by 117.1% in the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after purchasing an additional 2,175,568 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Down 0.6 %

Shares of NASDAQ JD opened at $44.92 on Wednesday. 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 $70.84 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.31 and a beta of 0.43. The stock has a 50 day moving average price of $40.05 and a 200 day moving average price of $37.63. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82.

JD.com Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JD. Benchmark boosted their price objective on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Mizuho boosted their price objective on JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. boosted 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. Dbs Bank raised JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, UBS Group set a $51.00 price objective on JD.com in a research note on Friday, March 7th. Two equities 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.64.

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.