Susquehanna Cuts JD.com (NASDAQ:JD) Price Target to $40.00

JD.com (NASDAQ:JD) had its price objective cut by Susquehanna from $45.00 to $40.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the information services provider’s stock.

Several other research analysts have also recently weighed in on JD. Mizuho reduced their price objective on JD.com from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday. Bank of America reduced their price target on JD.com from $51.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Citigroup reaffirmed a “buy” rating and set a $51.00 price target (down from $56.00) on shares of JD.com in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.42.

JD.com Price Performance

JD stock opened at $33.55 on Thursday. The stock has a 50-day moving average price of $37.15 and a two-hundred day moving average price of $37.81. JD.com has a 1 year low of $24.13 and a 1 year high of $47.82. The stock has a market cap of $52.91 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were paid a $0.76 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a yield of 1.7%. This is a boost from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio (DPR) is currently 23.84%.

Hedge Funds Weigh In On JD.com

A number of institutional investors have recently bought and sold shares of the business. KBC Group NV grew its stake in JD.com by 213.4% in the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock valued at $12,343,000 after buying an additional 242,409 shares during the last quarter. Appaloosa LP boosted its holdings in shares of JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after acquiring an additional 3,165,885 shares during the period. Van ECK Associates Corp boosted its holdings in shares of JD.com by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider’s stock worth $13,646,000 after acquiring an additional 66,693 shares during the period. Alberta Investment Management Corp grew its position in shares of JD.com by 25.4% in the fourth quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider’s stock valued at $17,492,000 after purchasing an additional 102,326 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of JD.com by 76.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider’s stock worth $114,886,000 after purchasing an additional 1,440,418 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.