Prudential Financial Inc. Decreases Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Prudential Financial Inc. lessened its holdings in JD.com, Inc. (NASDAQ:JD) by 14.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 245,900 shares of the information services provider’s stock after selling 40,900 shares during the quarter. Prudential Financial Inc.’s holdings in JD.com were worth $8,525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JD. Richardson Financial Services Inc. acquired a new position in shares of JD.com in the 4th quarter valued at $27,000. Brooklyn Investment Group acquired a new position in JD.com in the fourth quarter valued at $34,000. Nisa Investment Advisors LLC grew its holdings in shares of JD.com by 71.5% during the fourth 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 stake in shares of JD.com during the fourth quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com in the 3rd quarter valued at about $49,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Trading Down 3.1 %

Shares of JD stock opened at $41.58 on Friday. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The business’s fifty day moving average price is $41.25 and its 200 day moving average price is $38.46. The firm has a market capitalization of $65.58 billion, a PE ratio of 13.16, a P/E/G ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on JD shares. Susquehanna restated 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. UBS Group set a $51.00 price target on shares of JD.com in a research report on Friday, March 7th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $45.64.

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.