Migdal Insurance & Financial Holdings Ltd. Has $361,000 Stake in JD.com, Inc. (NASDAQ:JD)

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 72.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,608 shares of the information services provider’s stock after selling 33,640 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in JD.com were worth $361,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. First Manhattan Co. grew its position in shares of JD.com by 32.5% during the 4th quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock worth $56,000 after buying an additional 244 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in JD.com by 3.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,068 shares of the information services provider’s stock valued at $275,000 after purchasing an additional 278 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in JD.com by 0.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 39,941 shares of the information services provider’s stock valued at $1,163,000 after purchasing an additional 371 shares during the period. Ronald Blue Trust Inc. grew its holdings in JD.com by 28.4% during the third quarter. Ronald Blue Trust Inc. now owns 1,883 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 416 shares during the period. Finally, SVB Wealth LLC grew its holdings in JD.com by 2.0% during the first quarter. SVB Wealth LLC now owns 24,265 shares of the information services provider’s stock valued at $1,404,000 after purchasing an additional 473 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on JD. HSBC boosted their price objective on shares of JD.com from $38.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Barclays reduced their price target on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Mizuho increased their price objective on shares of JD.com from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Nomura lowered their price objective on shares of JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. Finally, Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of JD.com in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

JD.com Stock Performance

Shares of JD opened at $25.46 on Friday. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $41.95. The firm has a fifty day simple moving average of $25.33 and a 200 day simple moving average of $25.90. The stock has a market capitalization of $40.15 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.20 and a beta of 0.54. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14.

JD.com (NASDAQ:JD) last announced its earnings results on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, topping the consensus estimate of $0.56 by $4.74. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The business had revenue of $306.08 billion during the quarter, compared to analysts’ expectations of $300.21 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. Research analysts forecast that JD.com, Inc. will post 2.85 EPS for the current fiscal year.

JD.com Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, April 29th. Investors of record on Friday, April 5th will be issued a dividend of $0.74 per share. This represents a yield of 2.99%. The ex-dividend date of this dividend is Thursday, April 4th. JD.com’s payout ratio is 34.74%.

About JD.com

JD.com, Inc provides supply chain-based technologies and services 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.