Guinness Asset Management LTD Decreases Stake in JD.com, Inc. (NASDAQ:JD)

Guinness Asset Management LTD reduced its position in JD.com, Inc. (NASDAQ:JD) by 20.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,240 shares of the information services provider’s stock after selling 840 shares during the period. Guinness Asset Management LTD’s holdings in JD.com were worth $112,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. FLC Capital Advisors purchased a new stake in shares of JD.com during the 4th quarter valued at approximately $202,000. Trium Capital LLP bought a new stake in JD.com during the 4th quarter valued at $62,000. Brooklyn Investment Group purchased a new stake in shares of JD.com during the fourth quarter worth $34,000. Ritholtz Wealth Management boosted its holdings in shares of JD.com by 51.1% in the fourth quarter. Ritholtz Wealth Management now owns 98,898 shares of the information services provider’s stock worth $3,429,000 after acquiring an additional 33,441 shares during the period. Finally, Park Avenue Securities LLC grew its position in shares of JD.com by 68.8% in the fourth quarter. Park Avenue Securities LLC now owns 38,125 shares of the information services provider’s stock valued at $1,322,000 after purchasing an additional 15,542 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Trading Up 10.1 %

NASDAQ JD opened at $39.00 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $36.02 and its two-hundred day simple moving average is $33.33. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $47.82. The company has a market capitalization of $61.51 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.25 and a beta of 0.39.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on JD shares. Barclays increased their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup decreased their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and cut their price target for the company from $49.00 to $48.00 in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.