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Oaktree Capital reduced its JD.com holdings by nearly 20%, selling off shares valued at $48.88 million.
Oaktree Capital Management reduced its JD.com holdings by 19.9% in Q4 2020, selling 350,256 shares and now owning 1,409,952 shares, valued at $48.88 million.
JD.com, a Chinese e-commerce giant, operates as a technology and service provider offering various products.
The company has a "Moderate Buy" rating with a consensus target price of $45.64 and recently announced a $0.76 per share annual dividend, up from $0.74.
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Oaktree Capital redujo sus participaciones en JD.com en casi un 20%, vendiendo acciones valoradas en 48,88 millones de dólares.