Sequoia Financial Advisors LLC Buys Shares of 12,250 JD.com, Inc. (NASDAQ:JD)

Sequoia Financial Advisors LLC purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,250 shares of the information services provider’s stock, valued at approximately $354,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its holdings in JD.com by 146.3% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider’s stock worth $51,000 after purchasing an additional 1,042 shares during the period. Mizuho Securities Co. Ltd. lifted its position in shares of JD.com by 468.8% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock valued at $53,000 after buying an additional 1,500 shares in the last quarter. Ronald Blue Trust Inc. grew its stake in shares of JD.com by 28.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,883 shares of the information services provider’s stock valued at $55,000 after acquiring an additional 416 shares during the period. First Manhattan Co. increased its holdings in JD.com by 32.5% in the 4th quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock worth $56,000 after acquiring an additional 244 shares in the last quarter. Finally, Spire Wealth Management raised its stake in JD.com by 81.3% during the 3rd quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock worth $63,000 after acquiring an additional 971 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JD has been the topic of several recent analyst reports. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. Mizuho boosted their price objective on JD.com from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. HSBC upped their price objective on JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Barclays decreased their target price on JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Finally, Loop Capital dropped their price target on JD.com from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.67.

JD.com Price Performance

JD.com stock opened at $25.46 on Friday. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $41.95. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $25.33 and its 200 day moving average is $25.90. The company has a market cap of $40.15 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.20 and a beta of 0.54.

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

JD.com Announces Dividend

The company 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 dividend of $0.74 per share. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 2.99%. JD.com’s dividend payout ratio is presently 34.74%.

About JD.com

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.