JD.com’s (JD) “Buy” Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of JD.com (NASDAQ:JD) in a research note published on Tuesday, Benzinga reports. Benchmark currently has a $55.00 price target on the information services provider’s stock.

A number of other equities research analysts also recently issued reports on JD. Barclays cut their price target on JD.com from $45.00 to $35.00 and set an overweight rating for the company in a research note on Wednesday, January 31st. JPMorgan Chase & Co. boosted their price target on JD.com from $25.00 to $28.00 and gave the company a hold rating in a research note on Friday, April 5th. HSBC boosted their price target on JD.com from $38.00 to $39.00 and gave the company a buy rating in a research note on Thursday, March 7th. Loop Capital cut their price target on JD.com from $26.00 to $24.00 and set a hold rating for the company in a research note on Friday, April 5th. Finally, Nomura cut their price target on JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $37.07.

JD.com Price Performance

NASDAQ JD opened at $25.06 on Tuesday. JD.com has a one year low of $20.82 and a one year high of $41.95. The stock has a 50-day moving average of $25.22 and a 200 day moving average of $25.91. The company has a market capitalization of $39.52 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.20 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, topping the consensus estimate of $0.56 by $4.74. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The company had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. During the same period last year, the company earned $0.54 EPS. JD.com’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, sell-side analysts forecast that JD.com will post 2.85 EPS for the current year.

JD.com Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, April 5th will be paid a $0.74 dividend. The ex-dividend date is Thursday, April 4th. This represents a yield of 2.99%. JD.com’s payout ratio is 34.74%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbour Capital Advisors LLC boosted its stake in JD.com by 89.4% in the 1st quarter. Harbour Capital Advisors LLC now owns 25,710 shares of the information services provider’s stock worth $715,000 after purchasing an additional 12,135 shares during the period. 180 Wealth Advisors LLC boosted its stake in JD.com by 18.3% in the 1st quarter. 180 Wealth Advisors LLC now owns 20,557 shares of the information services provider’s stock worth $563,000 after purchasing an additional 3,184 shares during the period. Sunbelt Securities Inc. boosted its stake in JD.com by 45.4% in the 1st quarter. Sunbelt Securities Inc. now owns 10,139 shares of the information services provider’s stock worth $278,000 after purchasing an additional 3,167 shares during the period. Matthews International Capital Management LLC bought a new position in shares of JD.com during the 1st quarter valued at approximately $12,247,000. Finally, Wallace Advisory Group LLC boosted its position in shares of JD.com by 3.2% during the 1st quarter. Wallace Advisory Group LLC now owns 26,717 shares of the information services provider’s stock valued at $772,000 after acquiring an additional 840 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

JD.com Company Profile

JD.com, Inc provides supply chain-based technologies and services 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.