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

Sterling Investment Management LLC lifted its stake in JD.com, Inc. (NASDAQ:JD) by 67.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,360 shares of the information services provider’s stock after purchasing an additional 23,857 shares during the quarter. JD.com comprises 1.8% of Sterling Investment Management LLC’s portfolio, making the stock its 21st biggest holding. Sterling Investment Management LLC’s holdings in JD.com were worth $2,374,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Atlas Capital Advisors LLC bought a new stake in shares of JD.com during the second quarter worth $28,000. Allspring Global Investments Holdings LLC lifted its holdings in JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after buying an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC purchased a new stake in JD.com in the 1st quarter valued at about $58,000. Advisors Preferred LLC bought a new position in JD.com in the 1st quarter worth about $126,000. Finally, Blue Trust Inc. increased its position in shares of JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after acquiring an additional 2,360 shares during the period. Institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and reduced their price target for the stock from $49.00 to $48.00 in a research report on Monday. Susquehanna reiterated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.67.

JD.com Stock Performance

Shares of NASDAQ JD opened at $39.98 on Monday. The company has a 50 day simple moving average of $32.48 and a two-hundred day simple moving average of $29.86. The stock has a market cap of $63.05 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 0.65 and a beta of 0.42. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. The company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. As a group, analysts predict that JD.com, Inc. will post 3.75 earnings per share for the current year.

JD.com Company Profile

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.