JD.com (NASDAQ:JD) Price Target Lowered to $42.00 at JPMorgan Chase & Co.

JD.com (NASDAQ:JD) had its price target trimmed by JPMorgan Chase & Co. from $48.00 to $42.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an overweight rating on the information services provider’s stock.

Other analysts also recently issued reports about the company. Benchmark lowered their target price on JD.com from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Susquehanna dropped their price objective on JD.com from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, May 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Finally, Mizuho dropped their price target on shares of JD.com from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and an average target price of $46.33.

JD.com Stock Performance

NASDAQ:JD opened at $32.54 on Tuesday. The firm’s fifty day simple moving average is $35.78 and its 200 day simple moving average is $37.50. 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 has a twelve month low of $24.13 and a twelve month high of $47.82. The firm has a market capitalization of $51.32 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 0.31 and a beta of 0.56.

JD.com Increases Dividend

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

Hedge Funds Weigh In On JD.com

A number of large investors have recently bought and sold shares of JD. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com during the 1st quarter worth approximately $25,000. Richardson Financial Services Inc. acquired a new stake in shares of JD.com in the 4th quarter worth about $27,000. N.E.W. Advisory Services LLC bought a new stake in JD.com in the 1st quarter valued at about $32,000. Nisa Investment Advisors LLC boosted its stake in JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 684 shares during the period. Institutional investors 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.