Steamboat Capital Partners LLC Has $1.69 Million Position in JD.com, Inc. (NASDAQ:JD)

Steamboat Capital Partners LLC reduced its position in shares of JD.com, Inc. (NASDAQ:JD) by 2.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 48,844 shares of the information services provider’s stock after selling 1,084 shares during the period. Steamboat Capital Partners LLC’s holdings in JD.com were worth $1,693,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of JD.com by 1.7% in the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock worth $561,000 after acquiring an additional 265 shares during the last quarter. Quintet Private Bank Europe S.A. increased its stake in shares of JD.com by 4.5% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock worth $271,000 after acquiring an additional 334 shares during the last quarter. Nisa Investment Advisors LLC increased its stake 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 acquiring an additional 417 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of JD.com by 4.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock worth $353,000 after acquiring an additional 436 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of JD.com by 0.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider’s stock worth $3,487,000 after acquiring an additional 597 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Down 2.3%

JD stock opened at $33.55 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The company has a 50-day moving average of $37.15 and a two-hundred day moving average of $37.81. The stock has a market capitalization of $52.91 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56.

JD.com Increases Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.76 per share. This represents a yield of 1.7%. This is a boost from JD.com’s previous annual dividend of $0.74. The ex-dividend date was Tuesday, April 8th. JD.com’s dividend payout ratio is 23.84%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on JD shares. Morgan Stanley set a $39.00 price target on shares of JD.com in a research note on Tuesday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. UBS Group set a $51.00 target price on shares of JD.com in a research report on Friday, March 7th. Benchmark lowered their target price on shares of JD.com from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.42.

About JD.com

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.