Central Asset Investments & Management Holdings HK Ltd Reduces Holdings in JD.com, Inc. (NASDAQ:JD)

Central Asset Investments & Management Holdings HK Ltd lowered its position in JD.com, Inc. (NASDAQ:JD) by 8.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 42,085 shares of the information services provider’s stock after selling 4,115 shares during the period. JD.com accounts for approximately 0.9% of Central Asset Investments & Management Holdings HK Ltd’s portfolio, making the stock its 28th biggest holding. Central Asset Investments & Management Holdings HK Ltd’s holdings in JD.com were worth $1,459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new stake in shares of JD.com in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of JD.com in the 4th quarter worth $34,000. Nisa Investment Advisors LLC raised its holdings in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after acquiring an additional 417 shares during the period. Modus Advisors LLC purchased a new position in shares of JD.com during the 4th quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com during the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD.com stock opened at $42.53 on Thursday. 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 stock has a market capitalization of $67.07 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40. The business has a 50-day moving average of $38.11 and a 200 day moving average of $36.06. JD.com, Inc. has a 12 month low of $21.18 and a 12 month high of $47.82.

Analyst Upgrades and Downgrades

JD has been the topic of a number of analyst reports. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Benchmark restated a “buy” rating and set a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Citigroup decreased their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Finally, Dbs Bank upgraded JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.36.

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.