JD.com, Inc. (NASDAQ:JD) Holdings Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its holdings in JD.com, Inc. (NASDAQ:JD) by 1.2% in the 1st quarter, Holdings Channel reports. The fund owned 361,596 shares of the information services provider’s stock after selling 4,434 shares during the period. Envestnet Asset Management Inc.’s holdings in JD.com were worth $14,869,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock valued at $986,280,000 after acquiring an additional 13,170,649 shares during the last quarter. CoreView Capital Management Ltd raised its position in shares of JD.com by 204.8% during the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock worth $221,878,000 after acquiring an additional 4,299,872 shares during the last quarter. Temasek Holdings Private Ltd raised its position in shares of JD.com by 18.4% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider’s stock worth $160,366,000 after acquiring an additional 718,760 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of JD.com by 14.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 3,801,669 shares of the information services provider’s stock worth $156,325,000 after purchasing an additional 487,969 shares during the period. Finally, North of South Capital LLP grew its stake in shares of JD.com by 14.3% during the first quarter. North of South Capital LLP now owns 3,314,174 shares of the information services provider’s stock worth $136,279,000 after purchasing an additional 414,366 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Performance

Shares of JD.com stock opened at $33.92 on Friday. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The firm has a market capitalization of $47.37 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 4.28 and a beta of 0.48. The business has a 50-day simple moving average of $32.98 and a 200 day simple moving average of $36.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JD. Citigroup reissued a “buy” rating and issued a $51.00 target price (down from $56.00) on shares of JD.com in a research note on Monday, April 28th. Susquehanna lowered their target price on JD.com from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, May 15th. JPMorgan Chase & Co. lowered their price objective on JD.com from $48.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 27th. Wall Street Zen downgraded JD.com from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Finally, UBS Group cut their price objective on JD.com from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 10th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.46.

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.