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

Renaissance Technologies LLC trimmed its position in JD.com, Inc. (NASDAQ:JD) by 16.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in JD.com by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 240,458 shares of the information services provider’s stock valued at $6,213,000 after purchasing an additional 3,814 shares during the last quarter. Capital Wealth Planning LLC purchased a new stake in JD.com in the second quarter valued at $677,000. Envestnet Asset Management Inc. boosted its holdings in JD.com by 9.6% in the second quarter. Envestnet Asset Management Inc. now owns 161,928 shares of the information services provider’s stock valued at $4,184,000 after purchasing an additional 14,210 shares during the last quarter. Federated Hermes Inc. boosted its holdings in JD.com by 16.4% in the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after purchasing an additional 603,211 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in JD.com by 8.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 253,300 shares of the information services provider’s stock valued at $6,651,000 after purchasing an additional 20,500 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on JD shares. Loop Capital lowered their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Susquehanna reissued a “neutral” rating and set a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a research note on Friday. Barclays lowered their target price on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Finally, Benchmark lowered their target price on shares of JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.93.

JD.com Stock Down 0.7 %

JD opened at $28.55 on Friday. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $35.69. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $26.56 and a 200 day moving average price of $27.84. The company has a market cap of $45.03 billion, a PE ratio of 13.04 and a beta of 0.39.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping 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 firm had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that JD.com, Inc. will post 3.74 earnings per share 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.