Martin Currie Ltd. Lowers Position in JD.com, Inc. (NASDAQ:JD)

Martin Currie Ltd. lessened its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,644,281 shares of the information services provider's stock after selling 14,871 shares during the period. JD.com makes up about 2.1% of Martin Currie Ltd.'s holdings, making the stock its 18th biggest position. Martin Currie Ltd. owned 0.10% of JD.com worth $57,007,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of JD. Richardson Financial Services Inc. bought a new position in JD.com during the 4th quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of JD.com during the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC grew its holdings in shares of JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of JD.com in the fourth quarter worth $41,000. Finally, Farther Finance Advisors LLC boosted its position in JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock valued at $45,000 after buying an additional 684 shares during the period. Institutional investors own 15.98% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Benchmark raised their price objective on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, March 7th. UBS Group set a $51.00 target price on JD.com in a report on Friday, March 7th. Finally, Barclays raised their price target on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, JD.com currently has an average rating of "Moderate Buy" and an average target price of $45.64.

JD.com Stock Performance

NASDAQ JD traded down $0.98 on Thursday, hitting $40.11. 6,450,637 shares of the company traded hands, compared to its average volume of 13,585,204. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The business's 50 day moving average price is $41.39 and its 200-day moving average price is $38.77. The company has a market capitalization of $63.26 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82.

JD.com Increases Dividend

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