JD.com, Inc. (NASDAQ:JD) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its holdings in JD.com, Inc. (NASDAQ:JD) by 16.3% in the second quarter, Holdings Channel reports. The fund owned 749,778 shares of the information services provider’s stock after selling 145,922 shares during the period. Renaissance Technologies LLC’s holdings in JD.com were worth $19,374,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FIL Ltd increased its holdings in shares of JD.com by 124.3% during the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after buying an additional 3,441,605 shares during the last quarter. Contrarius Investment Management Ltd acquired a new stake in shares of JD.com during the 4th quarter worth approximately $9,384,000. Canada Pension Plan Investment Board increased its holdings in shares of JD.com by 9.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after buying an additional 129,763 shares during the last quarter. Carmignac Gestion increased its holdings in shares of JD.com by 3.1% during the 4th quarter. Carmignac Gestion now owns 965,063 shares of the information services provider’s stock worth $27,874,000 after buying an additional 29,159 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of JD.com by 234.0% during the 4th quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider’s stock worth $3,063,000 after buying an additional 74,269 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays cut their price target on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Sanford C. Bernstein cut their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Loop Capital lowered their price objective on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Friday, June 21st. JPMorgan Chase & Co. raised shares of JD.com from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $33.00 to $36.00 in a research report on Friday, August 16th. Finally, Benchmark lowered their price objective on shares of JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $36.93.

JD.com Stock Performance

Shares of JD stock opened at $28.55 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $35.69. The stock has a market capitalization of $45.03 billion, a PE ratio of 13.04 and a beta of 0.39. The firm has a 50 day moving average of $26.56 and a two-hundred day moving average of $27.84.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating the consensus estimate of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same quarter last year, the company posted $0.68 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, research analysts predict that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

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.