Martin Currie Ltd. Sells 14,871 Shares of JD.com, Inc. (NASDAQ:JD)

Martin Currie Ltd. decreased its stake in JD.com, Inc. (NASDAQ:JD) by 0.9% during the 4th quarter, according to its most recent Form 13F 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 quarter. JD.com accounts for about 2.1% of Martin Currie Ltd.’s portfolio, making the stock its 18th largest position. Martin Currie Ltd. owned approximately 0.10% of JD.com worth $57,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Richardson Financial Services Inc. acquired a new position in shares of JD.com in the 4th quarter valued at $27,000. Brooklyn Investment Group acquired a new position in shares of JD.com in the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC increased its position in shares of JD.com by 71.5% during the fourth 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 in the last quarter. Modus Advisors LLC bought a new stake in JD.com in the 4th quarter valued at $41,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of JD.com in the third quarter valued at about $49,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on JD. Barclays upped their price target on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. 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 JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a report on Friday, March 7th. Finally, Benchmark upped their price objective on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average target price of $45.64.

JD.com Stock Performance

NASDAQ JD opened at $41.58 on Friday. The stock has a market cap of $65.58 billion, a PE ratio of 13.16, a P/E/G ratio of 0.31 and a beta of 0.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The firm has a 50-day moving average of $41.25 and a 200-day moving average of $38.46.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This is a boost 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 (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.