State of New Jersey Common Pension Fund D Trims Holdings in JD.com, Inc. (NASDAQ:JD)

State of New Jersey Common Pension Fund D decreased its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,782 shares of the information services provider's stock after selling 37,734 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in JD.com were worth $3,979,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in shares of JD.com in the fourth quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in JD.com during the 4th quarter valued at $34,000. Nisa Investment Advisors LLC lifted its holdings in shares of 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 buying an additional 417 shares during the period. Modus Advisors LLC purchased a new position in shares of JD.com in the 4th quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in JD.com during the third quarter valued at $49,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Trading Up 2.1 %

NASDAQ:JD traded up $0.87 during midday trading on Friday, hitting $42.06. 18,109,785 shares of the company traded hands, compared to its average volume of 11,601,806. The firm has a market capitalization of $66.33 billion, a P/E ratio of 13.29, a P/E/G ratio of 0.29 and a beta of 0.40. The firm's fifty day moving average is $37.78 and its 200-day moving average is $35.55. JD.com, Inc. has a 12-month low of $21.18 and a 12-month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Sanford C. Bernstein upgraded shares of JD.com from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Citigroup decreased their price target on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Benchmark restated a "buy" rating and set a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. Finally, StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Two research 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 stock. According to MarketBeat, JD.com currently has an average rating of "Moderate Buy" and an average price target of $41.36.

About JD.com

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.