JD.com (NASDAQ:JD) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of JD.com (NASDAQ:JD) in a research report released on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $37.00 price target on the information services provider’s stock.

Several other analysts also recently issued reports on JD. JPMorgan Chase & Co. boosted their price objective on JD.com from $25.00 to $28.00 and gave the stock a hold rating in a report on Friday, April 5th. HSBC raised their price objective 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 cut their target price on shares of JD.com from $45.00 to $35.00 and set an overweight rating on the stock in a research note on Wednesday, January 31st. Mizuho lifted their price target on JD.com from $32.00 to $33.00 and gave the company a buy rating in a report on Thursday, March 7th. Finally, Susquehanna decreased their price objective on 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 analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $35.60.

JD.com Stock Up 6.1 %

JD stock opened at $30.34 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.90. The firm has a market cap of $47.85 billion, a PE ratio of 14.24, a P/E/G ratio of 0.24 and a beta of 0.54. JD.com has a 12 month low of $20.82 and a 12 month high of $41.95. The firm has a 50 day simple moving average of $25.91 and a 200 day simple moving average of $25.79.

JD.com (NASDAQ:JD) last announced 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. The company had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. Equities research analysts forecast that JD.com will post 2.85 earnings per share for the current fiscal year.

JD.com Dividend Announcement

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

Institutional Investors Weigh In On JD.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. boosted its holdings in 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 acquiring an additional 1,042 shares during the period. Mizuho Securities Co. Ltd. boosted its stake in JD.com by 468.8% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 1,500 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of JD.com by 812.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after buying an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com in the first quarter worth $58,000. Finally, Spire Wealth Management increased its position in JD.com by 81.3% during the third quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock worth $63,000 after acquiring an additional 971 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.