Renaissance Technologies LLC Buys 1,063,800 Shares of JD.com, Inc. (NASDAQ:JD)

Renaissance Technologies LLC grew its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 1,331.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,143,700 shares of the information services provider's stock after acquiring an additional 1,063,800 shares during the period. Renaissance Technologies LLC owned about 0.07% of JD.com worth $39,652,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of JD. Rhumbline Advisers grew its position in JD.com by 1.7% in the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock valued at $561,000 after buying an additional 265 shares during the last quarter. Quintet Private Bank Europe S.A. lifted its holdings in JD.com by 4.5% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock valued at $271,000 after purchasing an additional 334 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after purchasing an additional 417 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of JD.com by 4.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock valued at $353,000 after purchasing an additional 436 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in JD.com by 0.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock worth $3,487,000 after purchasing an additional 597 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JD shares. 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. Susquehanna reaffirmed a "neutral" rating and set a $45.00 target price (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Mizuho raised their price target on shares of JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Finally, StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.00.

JD.com Trading Down 4.1 %

Shares of NASDAQ:JD traded down $1.52 during trading on Wednesday, reaching $35.92. The stock had a trading volume of 7,876,197 shares, compared to its average volume of 14,058,727. The firm's fifty day moving average is $40.39 and its 200 day moving average is $39.08. JD.com, Inc. has a 52 week low of $24.13 and a 52 week 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. The stock has a market cap of $56.65 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.31 and a beta of 0.53.

JD.com Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This is an increase from JD.com's previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.7%. JD.com's dividend payout ratio is presently 26.13%.

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.