Envestnet Asset Management Inc. Cuts Stake in JD.com, Inc. $JD

Envestnet Asset Management Inc. trimmed its stake in JD.com, Inc. (NASDAQ:JD) by 76.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,770 shares of the information services provider’s stock after selling 277,826 shares during the quarter. Envestnet Asset Management Inc.’s holdings in JD.com were worth $2,734,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB raised its position in JD.com by 2.3% in the second quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock valued at $20,291,000 after purchasing an additional 13,755 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of JD.com by 42.6% in the second quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock valued at $3,780,000 after buying an additional 34,585 shares in the last quarter. Royal Bank of Canada lifted its position in JD.com by 4.5% during the 1st quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock worth $14,241,000 after acquiring an additional 15,000 shares in the last quarter. Range Financial Group LLC boosted its holdings in JD.com by 38.0% in the 2nd quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock worth $1,532,000 after acquiring an additional 12,920 shares during the period. Finally, Cerity Partners LLC grew its position in JD.com by 33.1% in the first quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider’s stock valued at $1,092,000 after acquiring an additional 6,611 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Price Performance

Shares of JD stock opened at $29.31 on Monday. The firm has a fifty day moving average of $33.56 and a two-hundred day moving average of $32.94. The firm has a market cap of $41.99 billion, a P/E ratio of 9.97, a P/E/G ratio of 2.96 and a beta of 0.41. JD.com, Inc. has a 1-year low of $29.01 and a 1-year high of $46.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JD shares. Citigroup began coverage on shares of JD.com in a research report on Monday, August 11th. They set a “buy” rating and a $42.00 target price on the stock. Mizuho set a $41.00 price objective on shares of JD.com in a report on Wednesday, October 22nd. Bank of America decreased their price objective on shares of JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday. Arete upgraded JD.com from a “sell” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Friday, September 26th. Finally, Arete Research set a $41.00 price target on JD.com in a research note on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.69.

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.