Sterling Investment Management LLC Takes $279,000 Position in JD.com, Inc. (NASDAQ:JD)

Sterling Investment Management LLC bought a new position in shares of JD.com, Inc. (NASDAQ:JD) in the fourth quarter, HoldingsChannel.com reports. The firm bought 9,647 shares of the information services provider’s stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JD. Nordea Investment Management AB boosted 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 valued at $12,734,000 after purchasing an additional 43,175 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its holdings in shares of JD.com by 95.6% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,345,000 shares of the information services provider’s stock valued at $45,905,000 after buying an additional 657,500 shares in the last quarter. Trexquant Investment LP bought a new position in shares of JD.com during the 3rd quarter worth approximately $8,566,000. Platinum Investment Management Ltd. lifted its position in JD.com by 12.8% during the third quarter. Platinum Investment Management Ltd. now owns 547,343 shares of the information services provider’s stock valued at $15,944,000 after acquiring an additional 62,129 shares during the last quarter. Finally, Oaktree Capital Management LP grew its holdings 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 worth $49,722,000 after purchasing an additional 695,180 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

JD.com Trading Up 3.3 %

Shares of JD opened at $27.23 on Thursday. The firm’s fifty day moving average is $24.08 and its two-hundred day moving average is $26.31. The stock has a market cap of $42.94 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.21 and a beta of 0.52. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $45.16.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. The company had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. JD.com’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. Research analysts forecast that JD.com, Inc. will post 2.85 earnings per share for the current fiscal year.

JD.com Dividend Announcement

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

JD.com Company 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.