Northwestern Mutual Wealth Management Co. Raises Stake in JD.com, Inc. $JD

Northwestern Mutual Wealth Management Co. raised its position in shares of JD.com, Inc. (NASDAQ:JD) by 1,172.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,234,636 shares of the information services provider’s stock after purchasing an additional 1,137,592 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.09% of JD.com worth $35,434,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in JD. Binnacle Investments Inc lifted its holdings in JD.com by 365.8% during the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 589 shares in the last quarter. Assetmark Inc. lifted its holdings in JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 399 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in JD.com by 657.9% during the third quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 1,000 shares in the last quarter. Wexford Capital LP purchased a new position in JD.com during the third quarter valued at approximately $43,000. Finally, Strengthening Families & Communities LLC purchased a new position in JD.com during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Benchmark lifted their price objective on shares of JD.com from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Citigroup lifted their price objective on shares of JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Bank of America reiterated a “buy” rating and set a $33.00 price objective on shares of JD.com in a research report on Thursday, March 5th. Finally, Wall Street Zen upgraded shares of JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.77.

JD.com Trading Down 1.3%

JD.com stock opened at $31.60 on Tuesday. The stock has a market cap of $45.27 billion, a P/E ratio of 24.69 and a beta of 0.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87. JD.com, Inc. has a 1 year low of $24.51 and a 1 year high of $36.86. The firm’s 50 day moving average price is $29.54 and its 200-day moving average price is $29.29.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The firm had revenue of $45.79 billion for the quarter. On average, equities analysts predict that JD.com, Inc. will post 2.66 earnings per share for the current fiscal year.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, April 29th. Investors of record on Thursday, April 9th were given a $1.00 dividend. This is a boost from JD.com’s previous annual dividend of $0.76. This represents a yield of 353.0%. The ex-dividend date was Thursday, April 9th. JD.com’s dividend payout ratio (DPR) is presently 76.56%.

JD.com Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.