Quantbot Technologies LP Decreases Position in JD.com, Inc. (NASDAQ:JD)

Quantbot Technologies LP lowered its position in JD.com, Inc. (NASDAQ:JD) by 65.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,786 shares of the information services provider’s stock after selling 37,969 shares during the quarter. Quantbot Technologies LP’s holdings in JD.com were worth $686,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JD. Richardson Financial Services Inc. purchased a new stake in JD.com in the 4th quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of JD.com in the fourth quarter valued at $34,000. Nisa Investment Advisors LLC lifted its position in shares of 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 acquiring an additional 417 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of JD.com during the fourth quarter valued at $41,000. Finally, Farther Finance Advisors LLC increased its position in 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 purchasing an additional 684 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Up 2.7 %

Shares of NASDAQ:JD opened at $42.89 on Friday. The stock has a 50-day simple moving average of $41.20 and a 200-day simple moving average of $38.26. The stock has a market capitalization of $67.64 billion, a P/E ratio of 13.57, a PEG 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. 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 disclosed 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. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 1.7%. This is a positive change from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio is presently 26.13%.

Analysts Set New Price Targets

JD has been the topic of several analyst reports. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Sanford C. Bernstein restated an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Susquehanna restated a “neutral” rating and set a $45.00 price objective (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Finally, UBS Group set a $51.00 target price on JD.com in a research report 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.