Sequoia Financial Advisors LLC Purchases 436 Shares of JD.com, Inc. (NASDAQ:JD)

Sequoia Financial Advisors LLC raised its position in JD.com, Inc. (NASDAQ:JD) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,192 shares of the information services provider’s stock after buying an additional 436 shares during the period. Sequoia Financial Advisors LLC’s holdings in JD.com were worth $353,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new position in JD.com during the 4th quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in shares of JD.com in the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC raised its position in JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC acquired a new position in JD.com during the 4th quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in JD.com in the 3rd quarter valued at $49,000. 15.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JD shares. Susquehanna reaffirmed a “neutral” rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Mizuho raised their target price on shares of JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. UBS Group set a $51.00 price target on shares of JD.com in a research note on Friday, March 7th. Benchmark lifted their target price on shares of JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.64.

JD.com Price Performance

NASDAQ JD opened at $44.92 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The business has a 50 day simple moving average of $40.05 and a 200 day simple moving average of $37.63. The stock has a market cap of $70.84 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is a positive change from JD.com’s previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. JD.com’s dividend payout ratio (DPR) is presently 26.13%.

JD.com 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.