Assetmark Inc. Decreases Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Assetmark Inc. reduced its holdings in JD.com, Inc. (NASDAQ:JD) by 81.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,893 shares of the information services provider’s stock after selling 8,099 shares during the period. Assetmark Inc.’s holdings in JD.com were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. bought a new position in shares of JD.com during the fourth quarter valued at approximately $27,000. Brooklyn Investment Group bought a new position in JD.com in the 4th quarter valued at $34,000. Nisa Investment Advisors LLC grew its position in JD.com by 71.5% in the 4th 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 during the last quarter. Modus Advisors LLC purchased a new stake in JD.com in the fourth quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com during the third quarter valued at $49,000. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

Shares of JD.com stock opened at $43.16 on Friday. The company has a market capitalization of $68.07 billion, a PE ratio of 13.66, a P/E/G ratio of 0.31 and a beta of 0.43. The company has a 50-day simple moving average of $39.65 and a two-hundred day simple moving average of $37.30. 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 quick ratio of 0.90 and a current ratio of 1.17.

JD.com Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given 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 is Tuesday, April 8th. This represents a yield of 1.7%. JD.com’s dividend payout ratio is presently 26.13%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group set a $51.00 price target on shares of JD.com in a research note on Friday, March 7th. Barclays lifted their price target on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Mizuho increased their price objective on JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Finally, Susquehanna reiterated a “neutral” rating and issued a $45.00 target price (up from $35.00) on shares of JD.com in a report on Wednesday. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.64.

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.