Premier Fund Managers Ltd Invests $6.15 Million in JD.com, Inc. (NASDAQ:JD)

Premier Fund Managers Ltd purchased a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 179,600 shares of the information services provider's stock, valued at approximately $6,148,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in JD.com in the fourth quarter valued at approximately $70,130,000. Banco BTG Pactual S.A. increased its stake in JD.com by 62.7% during the 4th quarter. Banco BTG Pactual S.A. now owns 83,000 shares of the information services provider's stock worth $2,841,000 after buying an additional 32,000 shares during the period. AI Squared Management Ltd lifted its holdings in JD.com by 74.3% in the 4th quarter. AI Squared Management Ltd now owns 261,513 shares of the information services provider's stock worth $9,067,000 after buying an additional 111,513 shares in the last quarter. Carrhae Capital LLP purchased a new position in JD.com in the 4th quarter valued at about $28,705,000. Finally, GQG Partners LLC acquired a new stake in shares of JD.com during the fourth quarter valued at about $5,017,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of JD.com stock traded down $0.44 during trading on Monday, hitting $41.15. 5,963,940 shares of the stock were exchanged, compared to its average volume of 13,633,486. The stock has a market cap of $64.89 billion, a PE ratio of 13.02, a P/E/G ratio of 0.31 and a beta of 0.43. The stock's fifty day moving average is $41.25 and its 200 day moving average is $38.54. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

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JD.com Increases Dividend

The company also recently declared 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 is Tuesday, April 8th. This represents a dividend yield of 1.7%. This is a positive change from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is presently 26.13%.

Analyst Ratings Changes

A number of research analysts recently commented on JD shares. Dbs Bank raised JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. UBS Group set a $51.00 target price on shares of JD.com in a research report on Friday, March 7th. Susquehanna reaffirmed a "neutral" rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Benchmark boosted their price objective on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.64.

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.