Rehmann Capital Advisory Group Buys New Holdings in JD.com, Inc. (NASDAQ:JD)

Rehmann Capital Advisory Group bought a new stake in JD.com, Inc. (NASDAQ:JD – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,035 shares of the information services provider’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gateway Investment Advisers LLC boosted its stake in JD.com by 3.0% during the 4th quarter. Gateway Investment Advisers LLC now owns 5,954 shares of the information services provider’s stock valued at $334,000 after purchasing an additional 176 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of JD.com by 43.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 667 shares of the information services provider’s stock worth $37,000 after buying an additional 203 shares during the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of JD.com by 3.8% in the 3rd quarter. E Fund Management Co. Ltd. now owns 6,503 shares of the information services provider’s stock worth $327,000 after buying an additional 239 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of JD.com by 3.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 10,832 shares of the information services provider’s stock worth $545,000 after buying an additional 324 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in JD.com by 20.6% in the fourth quarter. Spire Wealth Management now owns 1,929 shares of the information services provider’s stock valued at $108,000 after purchasing an additional 330 shares during the last quarter. 17.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on JD shares. Morgan Stanley dropped their price objective on JD.com from $66.00 to $60.00 in a research note on Tuesday, April 11th. Benchmark upped their price objective on JD.com from $68.00 to $72.00 in a research note on Friday, May 12th. UBS Group downgraded JD.com from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $60.00 to $43.00 in a research note on Thursday, April 13th. Citigroup dropped their target price on JD.com from $83.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, April 11th. Finally, StockNews.com started coverage on JD.com in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.17.

JD.com Trading Down 4.3 %

Shares of JD stock opened at $32.44 on Friday. The business’s fifty day moving average is $37.57 and its 200 day moving average is $48.57. JD.com, Inc. has a 52-week low of $32.29 and a 52-week high of $68.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.08 and a current ratio of 1.36. The company has a market capitalization of $44.30 billion, a PE ratio of 18.43 and a beta of 0.44.

JD.com (NASDAQ:JD – Get Rating) last released its quarterly earnings results on Thursday, March 9th. The information services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.17. JD.com had a return on equity of 9.63% and a net margin of 1.87%. The business had revenue of $42.84 billion for the quarter, compared to the consensus estimate of $43.18 billion. On average, equities research analysts anticipate that JD.com, Inc. will post 2.2 EPS for the current fiscal year.

JD.com Dividend Announcement

The business also recently disclosed a Variable dividend, which was paid on Thursday, May 4th. Stockholders of record on Thursday, April 6th were paid a dividend of $0.62 per share. The ex-dividend date was Wednesday, April 5th. This represents a dividend yield of 1.5%. JD.com’s dividend payout ratio (DPR) is currently 34.09%.

JD.com Company Profile

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JD.com, Inc is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services.