Ameriprise Financial Inc. Has $3.58 Million Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Ameriprise Financial Inc. lowered its stake in shares of JD.com, Inc. (NASDAQ:JD) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,318 shares of the information services provider’s stock after selling 72,178 shares during the period. Ameriprise Financial Inc.’s holdings in JD.com were worth $3,582,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in JD. FMR LLC grew its position in JD.com by 86.2% in the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock valued at $986,280,000 after purchasing an additional 13,170,649 shares during the period. Appaloosa LP increased its position in shares of JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of JD.com in the 4th quarter worth about $109,665,000. Aspex Management HK Ltd bought a new position in JD.com in the 4th quarter valued at about $93,562,000. Finally, Norges Bank acquired a new position in JD.com during the 4th quarter valued at about $70,130,000. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD stock opened at $33.35 on Tuesday. The firm has a market cap of $52.60 billion, a price-to-earnings ratio of 10.55, a P/E/G 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, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82. The firm’s 50-day simple moving average is $35.99 and its two-hundred day simple moving average is $37.53.

JD.com Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were given a dividend of $0.76 per share. This is an increase from JD.com’s previous annual dividend of $0.74. This represents a dividend yield of 1.7%. The ex-dividend date was Tuesday, April 8th. JD.com’s dividend payout ratio is currently 23.84%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Mizuho lowered their price target on JD.com from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, May 14th. Barclays lifted their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Macquarie reissued a “neutral” rating and set a $35.00 price target on shares of JD.com in a research report on Wednesday, April 23rd. Finally, Benchmark reduced their price objective on shares of JD.com from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.42.

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.