JD.com, Inc. (NASDAQ:JD) Receives $35.60 Average PT from Brokerages

JD.com, Inc. (NASDAQ:JD) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $35.60.

A number of research firms have recently commented on JD. Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 price objective on shares of JD.com in a research note on Thursday, April 18th. HSBC increased their price target on shares of JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Barclays dropped their price objective on JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Nomura reduced their price objective on JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Finally, The Goldman Sachs Group initiated coverage on shares of JD.com in a research report on Thursday, April 25th. They set a “buy” rating and a $37.00 price target on the stock.

JD.com Trading Down 0.5 %

JD.com stock opened at $32.71 on Friday. The stock has a market cap of $51.59 billion, a PE ratio of 15.36, a P/E/G ratio of 0.26 and a beta of 0.51. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $26.78 and a 200 day moving average price of $25.98. JD.com has a 52 week low of $20.82 and a 52 week high of $41.95.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. The business had revenue of $306.08 billion during the quarter, compared to analyst estimates of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. Equities research analysts predict that JD.com will post 2.85 earnings per share for the current fiscal year.

JD.com Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, April 29th. Investors of record on Friday, April 5th were paid a dividend of $0.74 per share. This represents a yield of 2.99%. The ex-dividend date of this dividend was Thursday, April 4th. JD.com’s dividend payout ratio (DPR) is presently 34.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JD. China Universal Asset Management Co. Ltd. raised its stake in shares of JD.com by 146.3% during the third quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider’s stock valued at $51,000 after purchasing an additional 1,042 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares in the last quarter. Mizuho Securities Co. Ltd. increased its stake in shares of JD.com by 468.8% during the third quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,500 shares during the period. Hexagon Capital Partners LLC bought a new stake in JD.com during the first quarter worth approximately $58,000. Finally, Spire Wealth Management lifted its position in JD.com by 81.3% in the third quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock worth $63,000 after purchasing an additional 971 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.