JD.com (NASDAQ:JD) Stock Price Down 3.7%

JD.com, Inc. (NASDAQ:JD – Get Rating)’s stock price was down 3.7% on Friday . The company traded as low as $36.24 and last traded at $36.25. Approximately 2,305,269 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 9,924,939 shares. The stock had previously closed at $37.63.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on JD shares. StockNews.com started coverage on shares of JD.com in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Susquehanna decreased their price objective on shares of JD.com from $62.00 to $45.00 in a research report on Monday, March 13th. HSBC reduced their price target on shares of JD.com from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, March 10th. Barclays reduced their price target on shares of JD.com from $74.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 13th. Finally, BOCOM International cut shares of JD.com from a “buy” rating to a “neutral” rating in a research report on Friday, March 10th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.75.

JD.com Trading Down 6.2 %

The stock has a market cap of $48.21 billion, a price-to-earnings ratio of 39.66 and a beta of 0.44. The firm’s 50 day moving average is $38.82 and its two-hundred day moving average is $48.89. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.11.

JD.com (NASDAQ:JD – Get Rating) last announced its quarterly earnings results on Thursday, March 9th. The information services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.37 by $0.17. JD.com had a net margin of 0.94% and a return on equity of 8.36%. The company had revenue of $42.84 billion for the quarter, compared to analyst estimates of $43.18 billion. Equities analysts anticipate that JD.com, Inc. will post 2.2 EPS for the current year.

JD.com Dividend Announcement

The company also recently declared a Variable dividend, which was paid on Thursday, May 4th. Shareholders of record on Thursday, April 6th were paid a $0.62 dividend. The ex-dividend date was Wednesday, April 5th. This represents a dividend yield of 1.5%. JD.com’s payout ratio is currently 67.42%.

Institutional Investors Weigh In On JD.com

Several large investors have recently made changes to their positions in the company. Stratos Wealth Advisors LLC bought a new position in shares of JD.com in the fourth quarter valued at approximately $1,913,000. Boston Partners boosted its holdings in JD.com by 282.2% during the third quarter. Boston Partners now owns 80,428 shares of the information services provider’s stock worth $1,379,000 after buying an additional 59,387 shares in the last quarter. Naviter Wealth LLC boosted its holdings in JD.com by 14.7% during the fourth quarter. Naviter Wealth LLC now owns 12,724 shares of the information services provider’s stock worth $784,000 after buying an additional 1,632 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in JD.com by 12.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,776 shares of the information services provider’s stock worth $324,000 after buying an additional 631 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in JD.com by 329.7% during the third quarter. Prudential Financial Inc. now owns 79,974 shares of the information services provider’s stock worth $4,099,000 after buying an additional 61,364 shares in the last quarter. Institutional investors and hedge funds own 17.71% of the company’s stock.

About JD.com

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JD.com, Inc is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services.