Guinness Atkinson Asset Management Inc Sells 4,100 Shares of JD.com, Inc. (NASDAQ:JD)

Guinness Atkinson Asset Management Inc trimmed its position in shares of JD.com, Inc. (NASDAQ:JD) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,460 shares of the information services provider’s stock after selling 4,100 shares during the quarter. JD.com accounts for approximately 0.6% of Guinness Atkinson Asset Management Inc’s portfolio, making the stock its 29th largest holding. Guinness Atkinson Asset Management Inc’s holdings in JD.com were worth $1,229,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JD. Victory Capital Management Inc. boosted its stake in shares of JD.com by 81.7% in the 2nd quarter. Victory Capital Management Inc. now owns 25,663 shares of the information services provider’s stock worth $663,000 after buying an additional 11,539 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in JD.com by 9.6% during the second quarter. Envestnet Asset Management Inc. now owns 161,928 shares of the information services provider’s stock worth $4,184,000 after acquiring an additional 14,210 shares during the period. Dimensional Fund Advisors LP boosted its position in JD.com by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 240,458 shares of the information services provider’s stock worth $6,213,000 after purchasing an additional 3,814 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in JD.com by 40.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,372 shares of the information services provider’s stock valued at $423,000 after purchasing an additional 4,718 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of JD.com during the 2nd quarter valued at $426,000. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Up 10.1 %

JD opened at $39.00 on Monday. JD.com, Inc. has a 12 month low of $20.82 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. The business’s 50-day moving average price is $36.02 and its 200-day moving average price is $33.33. The company has a market cap of $61.51 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.25 and a beta of 0.39.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on JD shares. Citigroup reduced their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and cut their price target for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Benchmark restated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Barclays increased their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.36.

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.