Oaktree Capital Management LP Decreases Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Oaktree Capital Management LP decreased its position in shares of JD.com, Inc. (NASDAQ:JD) by 19.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,409,952 shares of the information services provider’s stock after selling 350,256 shares during the period. JD.com makes up 0.9% of Oaktree Capital Management LP’s holdings, making the stock its 23rd largest holding. Oaktree Capital Management LP’s holdings in JD.com were worth $48,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the company. Appaloosa LP grew its position 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 valued at $362,852,000 after purchasing an additional 3,165,885 shares during the last quarter. Two Sigma Advisers LP grew its holdings in JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after buying an additional 4,839,700 shares during the last quarter. Point72 Asset Management L.P. increased its position in JD.com by 117.1% during 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 buying an additional 2,175,568 shares in the last quarter. Maple Rock Capital Partners Inc. raised its holdings in shares of JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after acquiring an additional 200,200 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of JD.com by 76.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider’s stock valued at $114,886,000 after acquiring an additional 1,440,418 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on JD shares. Sanford C. Bernstein restated an “outperform” rating on shares of JD.com in a report on Friday, March 7th. Mizuho raised their target price on shares of JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Benchmark raised their price objective on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, Barclays upped their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Two 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.64.

JD.com Price Performance

JD stock opened at $41.58 on Friday. The firm has a market cap of $65.58 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. 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, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The stock has a 50-day simple moving average of $41.25 and a 200-day simple moving average of $38.46.

JD.com Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. 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 (DPR) is currently 26.13%.

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.