Sterling Investment Management LLC Takes Position in JD.com, Inc. (NASDAQ:JD)

Sterling Investment Management LLC purchased a new stake in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,647 shares of the information services provider’s stock, valued at approximately $279,000.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB grew its position in JD.com by 10.8% during the fourth quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider’s stock worth $12,734,000 after buying an additional 43,175 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its holdings in shares of JD.com by 95.6% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,345,000 shares of the information services provider’s stock worth $45,905,000 after acquiring an additional 657,500 shares during the period. Trexquant Investment LP bought a new stake in JD.com during the third quarter worth $8,566,000. Platinum Investment Management Ltd. raised its holdings in shares of JD.com by 12.8% during the 3rd quarter. Platinum Investment Management Ltd. now owns 547,343 shares of the information services provider’s stock worth $15,944,000 after buying an additional 62,129 shares in the last quarter. Finally, Oaktree Capital Management LP boosted its stake in JD.com by 68.7% in the third quarter. Oaktree Capital Management LP now owns 1,706,910 shares of the information services provider’s stock valued at $49,722,000 after buying an additional 695,180 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

Shares of NASDAQ JD opened at $27.23 on Thursday. The stock has a market cap of $42.94 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 0.21 and a beta of 0.52. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $45.16. The stock’s 50-day moving average is $24.08 and its 200 day moving average is $26.31. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $4.74. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The business had revenue of $306.08 billion for the quarter, compared to analysts’ expectations of $300.21 billion. During the same period in the previous year, the firm earned $0.54 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that JD.com, Inc. will post 2.85 EPS for the current fiscal year.

JD.com Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, April 29th. Investors of record on Friday, April 5th will be paid a $0.74 dividend. This represents a yield of 2.99%. The ex-dividend date of this dividend is Thursday, April 4th. JD.com’s payout ratio is 28.17%.

Analyst Upgrades and Downgrades

Several research firms recently commented on JD. Barclays cut their target price on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a report on Saturday, March 23rd. HSBC lifted their target price on JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Citigroup lowered their price objective on shares of JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Finally, Mizuho upped their price target on JD.com from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.64.

JD.com Profile

JD.com, Inc provides supply chain-based technologies and services 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.