Polymer Capital Management HK LTD Has $16.28 Million Holdings in JD.com, Inc. (NASDAQ:JD)

Polymer Capital Management HK LTD lowered its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 16.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 469,590 shares of the information services provider’s stock after selling 95,328 shares during the quarter. JD.com makes up approximately 2.8% of Polymer Capital Management HK LTD’s holdings, making the stock its 6th biggest position. Polymer Capital Management HK LTD’s holdings in JD.com were worth $16,281,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in JD.com during the fourth quarter valued at about $27,000. Brooklyn Investment Group bought a new position in shares of JD.com during the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC raised its stake in JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after acquiring an additional 417 shares during the period. Modus Advisors LLC purchased a new position in JD.com during the fourth quarter valued at approximately $41,000. Finally, Farther Finance Advisors LLC lifted its holdings in JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 684 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Mizuho raised their price objective on shares of JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. UBS Group set a $51.00 target price on JD.com in a research note on Friday, March 7th. Finally, Susquehanna restated a “neutral” rating and issued a $45.00 price target (up from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.62.

JD.com Stock Performance

JD.com stock opened at $36.81 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. The company’s 50-day moving average price is $41.33 and its 200-day moving average price is $38.93. The company has a market cap of $58.05 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53.

JD.com Increases Dividend

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

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.