Northwestern Mutual Wealth Management Co. Acquires 1,137,592 Shares of JD.com, Inc. $JD

Northwestern Mutual Wealth Management Co. increased its holdings in JD.com, Inc. (NASDAQ:JD) by 1,172.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,234,636 shares of the information services provider’s stock after purchasing an additional 1,137,592 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in JD.com were worth $35,434,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Aurora Investment Managers LLC. increased its position in JD.com by 24.6% during the third quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock valued at $9,427,000 after acquiring an additional 53,223 shares during the last quarter. Patient Capital Management LLC increased its position in JD.com by 6.8% during the third quarter. Patient Capital Management LLC now owns 842,937 shares of the information services provider’s stock valued at $29,486,000 after acquiring an additional 53,810 shares during the last quarter. Todd Asset Management LLC increased its position in JD.com by 8.3% during the third quarter. Todd Asset Management LLC now owns 1,116,629 shares of the information services provider’s stock valued at $39,060,000 after acquiring an additional 85,331 shares during the last quarter. Nan Fung Trinity HK Ltd. bought a new position in JD.com during the third quarter valued at $16,815,000. Finally, Y Intercept Hong Kong Ltd bought a new position in JD.com during the third quarter valued at $22,096,000. Institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JD. Citigroup boosted 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. Morgan Stanley boosted their price objective on shares of JD.com from $25.00 to $27.00 and gave the company an “underweight” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Benchmark boosted 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. Finally, Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.77.

JD.com Stock Down 1.3%

Shares of JD opened at $31.60 on Tuesday. The firm has a market capitalization of $45.27 billion, a P/E ratio of 24.69 and a beta of 0.41. JD.com, Inc. has a 12-month low of $24.51 and a 12-month high of $36.86. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average price of $29.54 and a 200-day moving average price of $29.29.

JD.com (NASDAQ:JD) last issued its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $45.79 billion during the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. Equities research analysts expect that JD.com, Inc. will post 2.66 earnings per share for the current year.

JD.com Increases Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 9th were paid a dividend of $1.00 per share. This is an increase from JD.com’s previous annual dividend of $0.76. This represents a dividend yield of 353.0%. The ex-dividend date of this dividend was Thursday, April 9th. JD.com’s payout ratio 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.