Fluent Financial LLC Lowers Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Fluent Financial LLC lessened its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 55.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,992 shares of the information services provider's stock after selling 30,684 shares during the quarter. Fluent Financial LLC's holdings in JD.com were worth $866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in JD. FMR LLC increased its stake in JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after acquiring an additional 13,170,649 shares during the last quarter. CoreView Capital Management Ltd grew its stake in shares of JD.com by 204.8% during the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock valued at $221,878,000 after buying an additional 4,299,872 shares during the last quarter. Appaloosa LP grew its stake in shares of JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after buying an additional 3,165,885 shares during the last quarter. Voya Investment Management LLC bought a new position in shares of JD.com during the fourth quarter valued at about $109,665,000. Finally, Aspex Management HK Ltd bought a new position in shares of JD.com during the fourth quarter valued at about $93,562,000. Institutional investors own 15.98% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JD. UBS Group set a $51.00 price objective on JD.com in a research note on Friday, March 7th. Susquehanna dropped their target price on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, May 15th. Macquarie reiterated a "neutral" rating and set a $35.00 target price on shares of JD.com in a report on Wednesday, April 23rd. Citigroup reiterated a "buy" rating and set a $51.00 target price (down from $56.00) on shares of JD.com in a report on Monday, April 28th. Finally, Benchmark dropped their target price on shares of JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $46.33.

JD.com Stock Down 3.0%

JD traded down $0.96 on Wednesday, hitting $31.58. The company had a trading volume of 13,038,082 shares, compared to its average volume of 14,027,452. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The stock has a fifty day simple moving average of $35.57 and a 200-day simple moving average of $37.46. The firm has a market capitalization of $49.81 billion, a P/E ratio of 9.99, a P/E/G ratio of 0.31 and a beta of 0.56.

JD.com Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were issued a $0.76 dividend. The ex-dividend date of this dividend was 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 23.84%.

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.