Guinness Asset Management LTD Sells 840 Shares of JD.com, Inc. (NASDAQ:JD)

Guinness Asset Management LTD cut its holdings in JD.com, Inc. (NASDAQ:JD) by 20.6% in the 4th quarter, HoldingsChannel.com reports. 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 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. FLC Capital Advisors bought a new stake in shares of JD.com in the 4th quarter valued at about $202,000. Trium Capital LLP bought a new stake in JD.com in the fourth quarter valued at approximately $62,000. Brooklyn Investment Group bought a new stake in JD.com in the fourth quarter valued at approximately $34,000. Ritholtz Wealth Management grew 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 purchasing an additional 33,441 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings 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 worth $1,322,000 after purchasing an additional 15,542 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on JD shares. Benchmark reissued a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $46.00 in a report on Monday, December 9th. StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Citigroup dropped 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. Finally, JPMorgan Chase & Co. boosted their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two equities research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Performance

Shares of JD.com stock 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 firm has a market capitalization 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. 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 has a fifty day simple moving average of $36.02 and a two-hundred day simple moving average of $33.33.

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.