2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. lessened its position in JD.com, Inc.
( NASDAQ:JD – Free Report ) by 13.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 366,030 shares of the information services provider’s stock after selling 58,757 shares during the quarter.
Envestnet Asset Management Inc.’s holdings in JD.com were worth $12,690,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in JD. Rhumbline Advisers lifted its holdings in shares of JD.com by 1.
7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock valued at $561,000 after purchasing an additional 265 shares during the last quarter. Quintet Private Bank Europe S.
A. raised its stake in JD.com by 4.
5% during the fourth quarter. Quintet Private Bank Europe S.A.
now owns 7,813 shares of the information services provider’s stock valued at $271,000 after buying an additional 334 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of JD.com by 71.
5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of JD.
com by 4.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock worth $353,000 after purchasing an additional 436 shares during the last quarter.
Finally, Crossmark Global Holdings Inc. boosted its stake in JD.com by 0.
6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider’s stock worth $3,487,000 after purchasing an additional 597 shares in the last quarter.
15.98% of the stock is currently owned by institutional investors. Analyst Ratings Changes JD has been the subject of a number of analyst reports.
UBS Group set a $51.00 price objective on shares of JD.com in a research note on Friday, March 7th.
Bank of America decreased their price objective on shares of JD.com from $51.00 to $48.
00 and set a “buy” rating for the company in a report on Wednesday. Benchmark increased their target price on JD.com from $47.
00 to $58.00 and gave the company a “buy” rating in a research note on Friday, March 7th. StockNews.
com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Mizuho increased their price objective on JD.
com from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, March 7th.
Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.
00. JD.com Trading Down 1.
8 % NASDAQ:JD opened at $34.70 on Friday. The business has a fifty day moving average price of $40.
15 and a 200-day moving average price of $39.01. JD.
com, Inc. has a one year low of $24.13 and a one year high of $47.
82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.
17 and a quick ratio of 0.90. The firm has a market capitalization of $54.
73 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 0.31 and a beta of 0.
53. JD.com Increases Dividend The company also recently announced an annual dividend, which will be paid on Tuesday, April 29th.
Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. This is a boost from JD.
com’s previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th.
This represents a yield of 1.7%. JD.
com’s dividend payout ratio (DPR) is presently 26.13%. JD.
com Profile ( Free Report ) 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.
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