Davis Selected Advisers Sells 511,808 Shares of JD.com, Inc. (NASDAQ:JD)

Davis Selected Advisers decreased its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 59.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 355,833 shares of the information services provider’s stock after selling 511,808 shares during the quarter. Davis Selected Advisers’ holdings in JD.com were worth $12,337,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Richardson Financial Services Inc. purchased a new stake in shares of JD.com in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of JD.com in the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC boosted 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 valued at $35,000 after purchasing an additional 417 shares during the period. Modus Advisors LLC purchased a new stake in shares of JD.com in the fourth quarter valued at approximately $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com in the third quarter valued at approximately $49,000. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD stock opened at $42.29 on Friday. The business’s fifty day simple moving average is $38.99 and its 200-day simple moving average is $36.72. The company has a market cap of $66.70 billion, a PE ratio of 13.38, a PEG ratio of 0.31 and a beta of 0.43. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 12-month low of $23.78 and a 12-month high of $47.82.

JD.com Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a $0.76 dividend. This represents a dividend yield of 1.7%. This is an increase from JD.com’s previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. JD.com’s dividend payout ratio is presently 23.42%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JD. JPMorgan Chase & Co. boosted their price target on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Citigroup lowered their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Barclays upped their target price on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Benchmark upped their target price on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and a consensus price target of $43.92.

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.