Guinness Atkinson Asset Management Inc Trims Position in JD.com, Inc. (NASDAQ:JD)

Guinness Atkinson Asset Management Inc lessened its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 10.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 35,460 shares of the information services provider’s stock after selling 4,100 shares during the period. JD.com comprises 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Huntington National Bank boosted its position in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after acquiring an additional 452 shares in the last quarter. SRN Advisors LLC boosted its position in shares of JD.com by 1.6% during the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock valued at $1,288,000 after purchasing an additional 516 shares in the last quarter. Douglass Winthrop Advisors LLC grew its stake in JD.com by 4.0% in the third quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock worth $849,000 after purchasing an additional 820 shares during the period. QRG Capital Management Inc. grew its stake in JD.com by 3.1% in the third quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock worth $1,172,000 after purchasing an additional 889 shares during the period. Finally, Atomi Financial Group Inc. raised its holdings in JD.com by 5.7% in the third quarter. Atomi Financial Group Inc. now owns 17,725 shares of the information services provider’s stock worth $709,000 after purchasing an additional 952 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and dropped their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. Barclays upped their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Finally, Citigroup lowered their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Up 10.1 %

Shares of JD.com stock opened at $39.00 on Monday. The company has a market cap of $61.51 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. 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 company’s 50 day moving average is $36.02 and its 200 day moving average is $33.33. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $47.82.

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.