JD.com, Inc. (NASDAQ:JD) Shares Sold by Davis Selected Advisers

Davis Selected Advisers cut its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 59.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355,833 shares of the information services provider's stock after selling 511,808 shares during the period. Davis Selected Advisers' holdings in JD.com were worth $12,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in JD. Citigroup Inc. raised its holdings in JD.com by 9.9% in the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock valued at $16,012,000 after acquiring an additional 36,096 shares during the last quarter. Maple Rock Capital Partners Inc. grew its position 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 valued at $143,086,000 after purchasing an additional 200,200 shares in the last quarter. KBC Group NV increased its holdings in shares of JD.com by 213.4% in the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock valued at $12,343,000 after purchasing an additional 242,409 shares during the last quarter. National Bank of Canada FI lifted its position in JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock worth $88,580,000 after buying an additional 2,211,095 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in JD.com by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock worth $13,646,000 after buying an additional 66,693 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

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JD.com Trading Down 0.9 %

NASDAQ JD traded down $0.38 during trading on Wednesday, hitting $40.37. The stock had a trading volume of 8,541,626 shares, compared to its average volume of 13,515,988. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $63.67 billion, a PE ratio of 12.78, a PEG ratio of 0.31 and a beta of 0.43. The firm has a 50 day moving average price of $39.24 and a 200 day moving average price of $37.05. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82.

JD.com Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. This is an increase from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com's dividend payout ratio is presently 19.73%.

Analysts Set New Price Targets

A number of analysts have issued reports 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 note on Wednesday. StockNews.com cut shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. UBS Group set a $51.00 price target on shares of JD.com in a report on Friday, March 7th. Finally, Citigroup decreased their price objective on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.