JD.com, Inc. (NASDAQ:JD) Stake Cut by Prudential PLC

Key Points

• Prudential PLC has decreased its holdings in JD.com by 28.7%, now owning 175,949 shares worth approximately $7.23 million.
• Recent analyst reports show various target price adjustments for JD.com, with Mizuho reducing their objective from $50.00 to $48.00 and Morgan Stanley cutting their target from $39.00 to $28.00.
• JD.com shares are currently priced at $32.12, reflecting a 3.0% increase and having a market capitalization of $44.86 billion.

Prudential PLC decreased its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 28.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,949 shares of the information services provider's stock after selling 70,909 shares during the quarter. Prudential PLC's holdings in JD.com were worth $7,235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JD. Hexagon Capital Partners LLC purchased a new stake in shares of JD.com during the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of JD.com during the 1st quarter worth about $32,000. GeoWealth Management LLC grew its holdings in shares of JD.com by 129.1% during the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after purchasing an additional 785 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of JD.com during the 1st quarter worth about $56,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after purchasing an additional 308 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on JD. Bank of America decreased their price target on JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a report on Monday, July 14th. Benchmark decreased their price target on JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a report on Monday, July 21st. UBS Group decreased their price target on JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, July 10th. Wall Street Zen cut JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Susquehanna cut their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.31.

JD.com Price Performance

JD stock traded up $0.12 during trading hours on Friday, hitting $31.70. 14,033,099 shares of the stock traded hands, compared to its average volume of 10,132,678. The stock has a 50-day simple moving average of $32.40 and a 200 day simple moving average of $35.88. JD.com, Inc. has a one year low of $25.24 and a one year high of $47.82. The company has a market cap of $44.27 billion, a P/E ratio of 8.90, a P/E/G ratio of 4.12 and a beta of 0.46. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18.

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.