JD.com, Inc. $JD Position Increased by Guinness Asset Management LTD

Guinness Asset Management LTD boosted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 13.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,679 shares of the information services provider’s stock after purchasing an additional 439 shares during the quarter. Guinness Asset Management LTD’s holdings in JD.com were worth $151,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JD. Cerity Partners LLC boosted its holdings in shares of JD.com by 33.1% during 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 during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of JD.com in the 1st quarter worth about $1,900,000. Temasek Holdings Private Ltd increased its holdings in shares of JD.com by 18.4% in the 4th quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider’s stock worth $160,366,000 after acquiring an additional 718,760 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of JD.com by 483.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,101,100 shares of the information services provider’s stock worth $45,277,000 after acquiring an additional 912,300 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of JD.com by 45.0% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 38,878 shares of the information services provider’s stock worth $1,608,000 after acquiring an additional 12,071 shares during the period. 15.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on JD shares. Susquehanna dropped their price objective on shares of JD.com from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, May 15th. Bank of America dropped their price objective on shares of JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, July 14th. UBS Group dropped their price objective on shares of JD.com from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 10th. JPMorgan Chase & Co. dropped their price objective on shares of JD.com from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, May 27th. Finally, Benchmark dropped their price objective on shares of JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.31.

JD.com Stock Performance

Shares of JD opened at $34.40 on Friday. The firm’s 50 day moving average is $32.00 and its 200-day moving average is $34.74. The stock has a market capitalization of $48.04 billion, a P/E ratio of 9.66, a P/E/G ratio of 3.74 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. JD.com, Inc. has a 12-month low of $26.12 and a 12-month high of $47.82.

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.