Causeway Capital Management LLC Has $52.39 Million Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Causeway Capital Management LLC boosted its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,511,092 shares of the information services provider's stock after purchasing an additional 40,001 shares during the quarter. JD.com makes up approximately 1.2% of Causeway Capital Management LLC's holdings, making the stock its 23rd largest position. Causeway Capital Management LLC owned approximately 0.10% of JD.com worth $52,390,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of JD.com by 86.2% during the fourth 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 in the last quarter. Appaloosa LP lifted its stake in JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after buying an additional 3,165,885 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in JD.com by 76.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock worth $114,886,000 after purchasing an additional 1,440,418 shares during the period. North of South Capital LLP raised its position in JD.com by 48.2% during the fourth quarter. North of South Capital LLP now owns 2,899,808 shares of the information services provider's stock valued at $100,536,000 after buying an additional 942,629 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in JD.com by 46.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,432,970 shares of the information services provider's stock worth $84,351,000 after acquiring an additional 771,613 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JD shares. Susquehanna reaffirmed a "neutral" rating and issued a $45.00 target price (up from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Barclays boosted their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. raised their target price on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, JD.com has an average rating of "Buy" and a consensus price target of $48.67.

JD.com Price Performance

Shares of JD.com stock traded down $0.63 during midday trading on Friday, hitting $34.70. 13,839,001 shares of the company were exchanged, compared to its average volume of 14,164,771. The firm has a market cap of $54.73 billion, a P/E ratio of 10.98, a PEG ratio of 0.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $40.02 and a 200-day simple moving average of $38.96. JD.com, Inc. has a 52 week low of $24.13 and a 52 week high of $47.82.

JD.com Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.7%. This is a positive change from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is currently 26.13%.

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.