Sterling Investment Management LLC Grows Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Sterling Investment Management LLC lifted its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 67.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,360 shares of the information services provider's stock after acquiring an additional 23,857 shares during the period. JD.com accounts for 1.8% of Sterling Investment Management LLC's portfolio, making the stock its 21st largest position. Sterling Investment Management LLC's holdings in JD.com were worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in JD.com by 58.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider's stock worth $120,000 after buying an additional 1,102 shares during the last quarter. Lee Johnson Capital Management LLC purchased a new stake in JD.com during the 3rd quarter valued at about $1,220,000. OLD National Bancorp IN purchased a new stake in JD.com during the 3rd quarter valued at about $212,000. Blue Trust Inc. grew its stake in JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider's stock valued at $126,000 after purchasing an additional 2,360 shares during the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new stake in JD.com during the 3rd quarter valued at about $208,000. 15.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 8th. Benchmark reissued a "buy" rating and issued a $47.00 price objective on shares of JD.com in a report on Tuesday, October 15th. Loop Capital raised JD.com from a "hold" rating to a "buy" rating and decreased their price objective for the company from $49.00 to $48.00 in a report on Monday. Finally, Sanford C. Bernstein decreased their price objective on JD.com from $35.00 to $32.00 and set a "market perform" rating for the company in a report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, JD.com has an average rating of "Moderate Buy" and an average target price of $39.67.

JD.com Price Performance

Shares of JD stock traded down $0.30 during trading hours on Monday, reaching $39.68. The company had a trading volume of 9,571,729 shares, compared to its average volume of 15,182,932. The company has a market capitalization of $62.58 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 0.65 and a beta of 0.42. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $47.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The stock has a fifty day moving average of $32.48 and a 200-day moving average of $29.86.

JD.com (NASDAQ:JD - Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $8.57. The company had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. On average, equities analysts anticipate 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.