JD.com (NASDAQ:JD) Price Target Lowered to $34.00 at Barclays

JD.com (NASDAQ:JDFree Report) had its price target cut by Barclays from $41.00 to $34.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the information services provider’s stock.

Other analysts have also issued reports about the company. Morgan Stanley reaffirmed an “underweight” rating and issued a $22.00 price objective on shares of JD.com in a research note on Thursday. Benchmark reissued a “buy” rating on shares of JD.com in a research note on Friday. Wall Street Zen cut shares of JD.com from a “hold” rating to a “sell” rating in a report on Saturday. Sanford C. Bernstein restated an “outperform” rating and issued a $38.00 price target on shares of JD.com in a research note on Friday, November 14th. Finally, Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Eleven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.36.

View Our Latest Research Report on JD.com

JD.com Stock Up 1.6%

Shares of JD opened at $27.47 on Monday. JD.com has a 12 month low of $24.51 and a 12 month high of $45.75. The firm’s 50 day moving average is $28.25 and its 200-day moving average is $30.59. The stock has a market capitalization of $39.35 billion, a PE ratio of 15.61, a P/E/G ratio of 8.34 and a beta of 0.41. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

JD.com Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Thursday, April 9th will be given a $1.00 dividend. This is a boost from JD.com’s previous annual dividend of $0.76. This represents a yield of 396.0%. The ex-dividend date is Thursday, April 9th. JD.com’s dividend payout ratio is 55.68%.

Institutional Trading of JD.com

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Binnacle Investments Inc boosted its holdings in JD.com by 365.8% in the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 589 shares during the last quarter. Stone House Investment Management LLC bought a new position in JD.com during the 3rd quarter worth approximately $35,000. Assetmark Inc. lifted its position in shares of JD.com by 62.0% in the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after purchasing an additional 399 shares during the period. Root Financial Partners LLC lifted its position in shares of JD.com by 1,020.0% in the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after purchasing an additional 1,020 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in shares of JD.com by 657.9% in the 3rd quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 1,000 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

Key Stories Impacting JD.com

Here are the key news stories impacting JD.com this week:

JD.com Company Profile

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JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.

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Analyst Recommendations for JD.com (NASDAQ:JD)

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