Envestnet Portfolio Solutions Inc. Has $277,000 Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Envestnet Portfolio Solutions Inc. reduced its position in shares of JD.com, Inc. (NASDAQ:JD) by 35.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,000 shares of the information services provider’s stock after selling 4,387 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in JD.com were worth $277,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management bought a new position in JD.com in the 4th quarter worth approximately $1,470,000. Commonwealth Equity Services LLC raised its position in shares of JD.com by 38.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 68,736 shares of the information services provider’s stock worth $2,383,000 after purchasing an additional 19,025 shares during the period. Appaloosa LP lifted its position in JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock valued at $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in JD.com in the 4th quarter worth $47,948,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of JD.com in the 4th quarter valued at about $268,000. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Up 2.7 %

JD opened at $42.89 on Friday. The stock’s fifty day simple moving average is $41.20 and its 200 day simple moving average is $38.26. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The stock has a market cap of $67.64 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is a boost from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio (DPR) is currently 26.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Benchmark upped their price target on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. UBS Group set a $51.00 target price on shares of JD.com in a research report on Friday, March 7th. Susquehanna reissued a “neutral” rating and set a $45.00 price target (up from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Mizuho raised their price objective on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average target price of $45.64.

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.