Envestnet Asset Management Inc. Has $12.69 Million Position in JD.com, Inc. (NASDAQ:JD)

Envestnet Asset Management Inc. cut its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Appaloosa LP raised its position in shares of JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after purchasing an additional 3,165,885 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in JD.com by 76.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock worth $114,886,000 after acquiring an additional 1,440,418 shares during the period. North of South Capital LLP lifted its position in JD.com by 48.2% during the 4th quarter. North of South Capital LLP now owns 2,899,808 shares of the information services provider's stock worth $100,536,000 after acquiring an additional 942,629 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in JD.com by 46.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,432,970 shares of the information services provider's stock valued at $84,351,000 after acquiring an additional 771,613 shares during the period. Finally, Norges Bank bought a new position in shares of JD.com in the fourth quarter worth about $70,130,000. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Price Performance

JD.com stock traded down $0.66 during trading hours on Monday, hitting $34.06. 14,685,931 shares of the stock were exchanged, compared to its average volume of 14,165,262. The business's 50-day moving average is $40.02 and its two-hundred day moving average is $38.88. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The stock has a market capitalization of $53.72 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

JD.com Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a $0.76 dividend. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is a boost from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is presently 26.13%.

Analysts Set New Price Targets

Several brokerages have commented on JD. Bank of America dropped their price target on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Benchmark upped their target price on shares of JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their target price on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, Dbs Bank upgraded JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, JD.com has a consensus rating of "Buy" and a consensus price target of $48.67.

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.