Renaissance Technologies LLC grew its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 1,331.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,143,700 shares of the information services provider's stock after acquiring an additional 1,063,800 shares during the quarter. Renaissance Technologies LLC owned about 0.07% of JD.com worth $39,652,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of JD. KBC Group NV grew its position in JD.com by 213.4% during the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock valued at $12,343,000 after acquiring an additional 242,409 shares during the period. Appaloosa LP lifted its stake in shares of JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after purchasing an additional 3,165,885 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of JD.com by 20.4% during the 4th quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock worth $13,646,000 after purchasing an additional 66,693 shares during the period. Alberta Investment Management Corp increased its position in JD.com by 25.4% during the 4th quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock worth $17,492,000 after purchasing an additional 102,326 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in JD.com by 76.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock valued at $114,886,000 after buying an additional 1,440,418 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
JD has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Benchmark raised their price objective on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. UBS Group set a $51.00 target price on JD.com in a report on Friday, March 7th. Finally, Dbs Bank upgraded JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.62.
Check Out Our Latest Stock Analysis on JD.com
JD.com Stock Performance
JD.com stock traded down $0.74 during mid-day trading on Tuesday, reaching $37.45. The company's stock had a trading volume of 9,713,880 shares, compared to its average volume of 14,062,475. The firm has a market cap of $59.06 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.31 and a beta of 0.53. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82. The business has a 50 day moving average price of $40.44 and a 200-day moving average price of $39.09. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.
JD.com Increases Dividend
The business also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a $0.76 dividend. This is an increase from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com's payout ratio is presently 26.13%.
About JD.com
(
Free Report)
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.
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