SVB Wealth LLC Sells 1,766 Shares of JD.com, Inc. (NASDAQ:JD)

SVB Wealth LLC reduced its position in JD.com, Inc. (NASDAQ:JD) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,435 shares of the information services provider’s stock after selling 1,766 shares during the period. SVB Wealth LLC’s holdings in JD.com were worth $388,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of JD. First Manhattan Co. lifted its stake in JD.com by 32.5% during the 4th quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock valued at $56,000 after acquiring an additional 244 shares in the last quarter. 1832 Asset Management L.P. bought a new position in JD.com during the 1st quarter valued at $64,000. E Fund Management Hong Kong Co. Ltd. bought a new position in JD.com during the 1st quarter valued at $81,000. Acadian Asset Management LLC bought a new position in JD.com during the 1st quarter valued at $65,000. Finally, China Universal Asset Management Co. Ltd. lifted its stake 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 valued at $51,000 after acquiring an additional 1,042 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of JD.com in a research note on Tuesday, April 16th. Susquehanna lowered their target price on JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, April 5th. Morgan Stanley reiterated an “equal weight” rating and set a $27.00 target price on shares of JD.com in a research note on Thursday. Citigroup lowered their target price on JD.com from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Finally, Nomura lowered their target price on JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.67.

JD.com Stock Performance

Shares of JD opened at $25.51 on Monday. The company has a market cap of $40.23 billion, a PE ratio of 11.98, 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. The stock has a 50-day moving average price of $25.39 and a 200-day moving average price of $25.84. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $41.95.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. The firm had revenue of $306.08 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. As a group, equities analysts forecast that JD.com, Inc. will post 2.85 earnings per share 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. Investors of record on Friday, April 5th will be given a $0.74 dividend. The ex-dividend date is Thursday, April 4th. This represents a yield of 2.99%. JD.com’s payout ratio is 34.74%.

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.