Prudential PLC lowered its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 246,858 shares of the information services provider's stock after selling 7,260 shares during the period. Prudential PLC's holdings in JD.com were worth $8,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of JD. Two Sigma Advisers LP increased its holdings in JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock valued at $252,268,000 after buying an additional 4,839,700 shares during the period. Appaloosa LP increased its holdings in shares of JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after acquiring an additional 3,165,885 shares during the period. National Bank of Canada FI raised its position in shares of JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock worth $88,580,000 after acquiring an additional 2,211,095 shares in the last quarter. Norges Bank bought a new stake in shares of JD.com in the 4th quarter valued at about $70,130,000. Finally, Soros Fund Management LLC grew its holdings in JD.com by 114.1% in the third quarter. Soros Fund Management LLC now owns 2,730,000 shares of the information services provider's stock worth $109,200,000 after purchasing an additional 1,455,000 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.
JD.com Stock Performance
Shares of JD traded up $1.00 during mid-day trading on Thursday, reaching $36.08. The company had a trading volume of 12,919,317 shares, compared to its average volume of 13,918,124. The stock has a market capitalization of $56.90 billion, a P/E ratio of 11.41, a PEG ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The stock has a 50 day moving average of $40.66 and a two-hundred day moving average of $39.06. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.
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. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is a positive change from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio is currently 26.13%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Sanford C. Bernstein restated an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Benchmark boosted their price target on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Mizuho increased 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. UBS Group set a $51.00 target price on shares of JD.com in a research report on Friday, March 7th. Finally, Susquehanna reiterated a "neutral" rating and set a $45.00 price objective (up from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Two equities research 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $46.62.
Read Our Latest Stock Analysis on JD
JD.com Profile
(
Free Report)
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.
Featured Articles
Before you consider JD.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JD.com wasn't on the list.
While JD.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
