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

Prudential Financial Inc. lowered its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 245,900 shares of the information services provider's stock after selling 40,900 shares during the period. Prudential Financial Inc.'s holdings in JD.com were worth $8,525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JD. Richardson Financial Services Inc. purchased a new position in shares of JD.com in the fourth quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in JD.com in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC increased its holdings in JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after acquiring an additional 417 shares in the last quarter. Modus Advisors LLC acquired a new position in 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 third quarter valued at about $49,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Trading Down 0.7 %

Shares of JD.com stock traded down $0.30 during trading hours on Wednesday, reaching $41.02. The stock had a trading volume of 5,004,029 shares, compared to its average volume of 13,602,195. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The firm has a 50 day simple moving average of $41.35 and a two-hundred day simple moving average of $38.75. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $64.69 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 0.31 and a beta of 0.43.

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JD.com Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on JD shares. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Mizuho boosted their price objective on shares of JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Benchmark raised their target price on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted 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, UBS Group set a $51.00 price target on JD.com in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $45.64.

JD.com Company 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.