JD.com (NASDAQ:JD) Earns “Buy” Rating from Benchmark

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

Several other research analysts also recently weighed in on JD. Nomura reduced their price target on shares of JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. JPMorgan Chase & Co. lifted their price target on JD.com from $25.00 to $28.00 and gave the stock a hold rating in a research note on Friday, April 5th. Citigroup reduced their price objective on JD.com from $43.00 to $42.00 and set a buy rating for the company in a research note on Thursday, January 25th. HSBC lifted their target price 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. Finally, Susquehanna reduced their target price on shares of JD.com from $30.00 to $28.00 and set a neutral rating for the company in a research report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of $36.67.

JD.com Price Performance

NASDAQ:JD opened at $25.46 on Tuesday. The stock has a market capitalization of $40.15 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.20 and a beta of 0.54. JD.com has a 52 week low of $20.82 and a 52 week high of $41.95. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is $25.33 and its 200-day moving average price is $25.90.

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

JD.com Dividend Announcement

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

Institutional Investors Weigh In On JD.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JD. Voloridge Investment Management LLC grew its holdings in shares of JD.com by 2,693.5% during the 4th quarter. Voloridge Investment Management LLC now owns 6,397,396 shares of the information services provider’s stock worth $184,821,000 after purchasing an additional 6,168,384 shares during the period. Aspex Management HK Ltd purchased a new position in JD.com during the fourth quarter worth about $114,009,000. Dodge & Cox increased its position in shares of JD.com by 18.9% during the fourth quarter. Dodge & Cox now owns 21,944,549 shares of the information services provider’s stock valued at $633,978,000 after acquiring an additional 3,482,900 shares during the last quarter. FIL Ltd increased its position in shares of JD.com by 124.3% during the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after acquiring an additional 3,441,605 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of JD.com by 292.4% in the 4th quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock worth $120,679,000 after acquiring an additional 3,305,956 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.