Envestnet Asset Management Inc. Sells 4,434 Shares of JD.com, Inc. (NASDAQ:JD)

Envestnet Asset Management Inc. trimmed its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 361,596 shares of the information services provider’s stock after selling 4,434 shares during the quarter. Envestnet Asset Management Inc.’s holdings in JD.com were worth $14,869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in JD. Hexagon Capital Partners LLC purchased a new stake in shares of JD.com during the first quarter worth about $25,000. Farther Finance Advisors LLC raised its position in JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after acquiring an additional 684 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of JD.com during the first quarter worth $56,000. GeoWealth Management LLC grew its holdings in shares of JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider’s stock worth $48,000 after buying an additional 785 shares in the last quarter. Finally, Allianz SE acquired a new stake in shares of JD.com in the 4th quarter worth $52,000. 15.98% of the stock is currently owned by institutional investors.

JD.com Trading Up 3.8%

Shares of JD stock opened at $33.92 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. The firm has a market capitalization of $47.37 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 4.28 and a beta of 0.48. The stock has a fifty day moving average of $32.98 and a two-hundred day moving average of $36.49. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group dropped their target price on JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, July 10th. Macquarie reissued a “neutral” rating and issued a $35.00 price target on shares of JD.com in a research note on Wednesday, April 23rd. Morgan Stanley reduced their price objective on JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. Arete Research raised shares of JD.com to a “hold” rating in a research report on Tuesday, June 24th. Finally, Susquehanna dropped their price objective on JD.com from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, May 15th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average 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.