Sterling Investment Management LLC Buys 30,248 Shares of JD.com, Inc. (NASDAQ:JD)

Sterling Investment Management LLC raised its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 313.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,895 shares of the information services provider's stock after buying an additional 30,248 shares during the quarter. Sterling Investment Management LLC's holdings in JD.com were worth $1,093,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Morgan Stanley lifted its stake in JD.com by 15.8% in the third quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider's stock valued at $270,267,000 after buying an additional 1,265,995 shares during the period. FIL Ltd lifted its stake in JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider's stock valued at $179,423,000 after buying an additional 3,441,605 shares during the period. National Bank of Canada FI raised its position in shares of JD.com by 292.4% during the fourth quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider's stock worth $120,679,000 after purchasing an additional 3,305,956 shares during the period. Aspex Management HK Ltd acquired a new position in shares of JD.com during the fourth quarter worth approximately $114,009,000. Finally, Discerene Group LP raised its position in shares of JD.com by 107.9% during the fourth quarter. Discerene Group LP now owns 3,347,232 shares of the information services provider's stock worth $96,702,000 after purchasing an additional 1,737,572 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Performance

NASDAQ:JD traded up $1.75 during trading on Friday, reaching $30.34. The company's stock had a trading volume of 22,195,234 shares, compared to its average volume of 9,624,145. The firm has a market cap of $47.85 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.23 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16. The firm has a 50 day moving average of $25.91 and a 200-day moving average of $25.82. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $41.95.

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

JD.com Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, April 5th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 2.99%. JD.com's dividend payout ratio (DPR) is presently 34.74%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JD. Mizuho upped their target price on JD.com from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. Benchmark reaffirmed a "buy" rating and set a $55.00 target price on shares of JD.com in a research report on Tuesday, April 16th. Nomura lowered their target price on JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. The Goldman Sachs Group began coverage on JD.com in a research report on Thursday. They set a "buy" rating and a $37.00 target price on the stock. Finally, StockNews.com raised JD.com from a "hold" rating to a "buy" rating in a research report on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, JD.com presently has an average rating of "Moderate Buy" and an average price target of $35.60.

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.