Cerity Partners LLC Purchases 11,427 Shares of JD.com, Inc. (NASDAQ:JD)

Cerity Partners LLC boosted its position in shares of JD.com, Inc. (NASDAQ:JD) by 107.4% during the 4th quarter, HoldingsChannel reports. The fund owned 22,071 shares of the information services provider’s stock after buying an additional 11,427 shares during the quarter. Cerity Partners LLC’s holdings in JD.com were worth $638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. lifted its holdings in JD.com by 146.3% during 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 buying an additional 1,042 shares in the last quarter. Mizuho Securities Co. Ltd. lifted its holdings in 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 worth $53,000 after buying an additional 1,500 shares in the last quarter. Ronald Blue Trust Inc. lifted its holdings in 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 worth $55,000 after buying an additional 416 shares in the last quarter. Spire Wealth Management lifted its holdings 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 buying an additional 971 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its holdings in JD.com by 73.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock worth $111,000 after buying an additional 1,631 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

JD.com Price Performance

JD stock opened at $27.55 on Wednesday. The stock has a 50-day moving average price of $25.59 and a two-hundred day moving average price of $25.81. The stock has a market cap of $43.45 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 0.20 and a beta of 0.54. 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, Inc. has a 1 year low of $20.82 and a 1 year high of $41.95.

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

JD.com Dividend Announcement

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

Analyst Upgrades and Downgrades

JD has been the subject of several recent research reports. Barclays dropped their target price on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Morgan Stanley reiterated an “equal weight” rating and set a $27.00 target price on shares of JD.com in a research report on Thursday, April 18th. Mizuho upped their target price on shares of 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 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. Finally, 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 report on Thursday, January 25th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.67.

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.