Assetmark Inc. Sells 8,099 Shares of JD.com, Inc. (NASDAQ:JD)

Assetmark Inc. decreased its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 81.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,893 shares of the information services provider's stock after selling 8,099 shares during the quarter. Assetmark Inc.'s holdings in JD.com were worth $66,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JD. FMR LLC increased its position in shares of JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock valued at $611,080,000 after purchasing an additional 4,445,277 shares during the last quarter. Two Sigma Advisers LP grew its position in JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock valued at $252,268,000 after buying an additional 4,839,700 shares during the period. Fisher Asset Management LLC grew its position in JD.com by 9.0% during the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider's stock valued at $162,904,000 after buying an additional 336,740 shares during the period. Point72 Asset Management L.P. increased its holdings in JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider's stock worth $161,356,000 after buying an additional 2,175,568 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. raised its position in JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock worth $143,086,000 after acquiring an additional 200,200 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JD. Mizuho raised their price target on shares of JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Susquehanna reissued a "neutral" rating and issued a $45.00 target price (up from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. JPMorgan Chase & Co. upped their price target on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, Barclays upped their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Two 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.64.

JD.com Price Performance

Shares of JD traded down $0.11 during mid-day trading on Wednesday, reaching $44.81. 5,857,496 shares of the stock traded hands, compared to its average volume of 13,603,453. The company has a market cap of $70.67 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The firm has a fifty day moving average price of $40.05 and a 200 day moving average price of $37.63. 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 firm 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 $0.76 dividend. This is a positive change from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com's dividend payout ratio is currently 26.13%.

JD.com Company 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.