Oaktree Fund Advisors LLC Lowers Holdings in JD.com, Inc. (NASDAQ:JD)

Oaktree Fund Advisors LLC lessened its holdings in JD.com, Inc. (NASDAQ:JD) by 31.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,028 shares of the information services provider’s stock after selling 42,861 shares during the quarter. JD.com accounts for approximately 5.5% of Oaktree Fund Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Oaktree Fund Advisors LLC’s holdings in JD.com were worth $3,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Cerity Partners LLC increased its stake in JD.com by 9.4% during the 3rd quarter. Cerity Partners LLC now owns 18,466 shares of the information services provider’s stock worth $739,000 after acquiring an additional 1,586 shares during the period. D.A. Davidson & CO. acquired a new position in JD.com in the third quarter valued at about $290,000. Financial Counselors Inc. bought a new stake in JD.com during the third quarter worth about $290,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in JD.com by 280.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,652 shares of the information services provider’s stock worth $1,026,000 after buying an additional 18,916 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in JD.com by 24.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 21,295 shares of the information services provider’s stock valued at $851,000 after buying an additional 4,157 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Down 3.1 %

Shares of NASDAQ:JD opened at $41.58 on Friday. The business has a fifty day simple moving average of $41.25 and a 200 day simple moving average of $38.46. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The firm has a market cap of $65.58 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.31 and a beta of 0.43. 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 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 given a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is an increase from JD.com’s previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. JD.com’s dividend payout ratio (DPR) is 26.13%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JD. UBS Group set a $51.00 price target on shares of JD.com in a research report on Friday, March 7th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Susquehanna reissued a “neutral” rating and set a $45.00 target price (up previously from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Finally, Barclays lifted their price target on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.