Nomura Issues Positive Forecast for JD.com (NASDAQ:JD) Stock Price

JD.com (NASDAQ:JDFree Report) had its target price raised by Nomura from $37.00 to $40.00 in a research note issued to investors on Monday morning,MarketScreener reports. They currently have a buy rating on the information services provider’s stock.

Several other equities research analysts have also recently weighed in on JD. Sanford C. Bernstein restated an “outperform” rating and issued a $38.00 price target on shares of JD.com in a research report on Friday, November 14th. Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings lowered JD.com from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. HSBC restated a “buy” rating and set a $37.00 price objective on shares of JD.com in a research report on Monday, December 29th. Finally, Bank of America reiterated a “buy” rating and issued a $33.00 target price on shares of JD.com in a report on Thursday. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.36.

Get Our Latest Stock Analysis on JD

JD.com Price Performance

Shares of JD.com stock opened at $27.47 on Monday. The firm has a market cap of $39.35 billion, a PE ratio of 15.61, a PEG ratio of 8.34 and a beta of 0.41. The stock has a 50 day moving average of $28.25 and a 200 day moving average of $30.59. 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 has a 12 month low of $24.51 and a 12 month high of $45.75.

JD.com Increases Dividend

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

Institutional Investors Weigh In On JD.com

Several large investors have recently added to or reduced their stakes in JD. Channing Global Advisors LLC grew its stake in JD.com by 1.9% in the 3rd quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock worth $605,000 after acquiring an additional 321 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of JD.com by 3.8% in the second quarter. SBI Securities Co. Ltd. now owns 8,876 shares of the information services provider’s stock valued at $290,000 after purchasing an additional 324 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of JD.com by 0.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,912 shares of the information services provider’s stock valued at $1,633,000 after purchasing an additional 354 shares during the period. Aaron Wealth Advisors LLC grew its stake in JD.com by 6.0% in the third quarter. Aaron Wealth Advisors LLC now owns 6,630 shares of the information services provider’s stock worth $232,000 after purchasing an additional 374 shares in the last quarter. Finally, Synergy Financial Group LTD increased its holdings in JD.com by 4.5% during the 4th quarter. Synergy Financial Group LTD now owns 8,763 shares of the information services provider’s stock worth $251,000 after purchasing an additional 378 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com News Roundup

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

About JD.com

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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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