JD.com (NASDAQ:JD) Price Target Lowered to $30.00 at Susquehanna

JD.com (NASDAQ:JDFree Report) had its price objective lowered by Susquehanna from $32.00 to $30.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the information services provider’s stock.

Several other equities research analysts also recently commented on the stock. Arete Research set a $32.00 price objective on shares of JD.com in a report on Tuesday, December 9th. Wall Street Zen lowered shares of JD.com from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup cut their price objective on shares of JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a report on Friday, January 2nd. Benchmark reiterated a “buy” rating on shares of JD.com in a research note on Friday. Finally, HSBC restated a “buy” rating and set a $37.00 target price on shares of JD.com in a research report on Monday, December 29th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.36.

Get Our Latest Stock Analysis on JD

JD.com Stock Up 1.6%

JD stock opened at $27.47 on Monday. The stock has a fifty day moving average of $28.25 and a 200-day moving average of $30.59. JD.com has a fifty-two week low of $24.51 and a fifty-two week high of $45.75. The company has a market capitalization of $39.35 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 8.34 and a beta of 0.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.22.

JD.com Increases Dividend

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

Hedge Funds Weigh In On JD.com

A number of institutional investors have recently added to or reduced their stakes in the business. SIH Partners LLLP grew its position in JD.com by 74.1% during the fourth quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock valued at $143,255,000 after acquiring an additional 2,125,212 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of JD.com by 48.9% in the 2nd quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock valued at $174,166,000 after purchasing an additional 1,753,236 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of JD.com during the 3rd quarter valued at $51,741,000. Crake Asset Management LLP purchased a new position in JD.com in the 2nd quarter worth $41,975,000. Finally, Syquant Capital Sas bought a new stake in JD.com in the fourth quarter worth $35,323,000. 15.98% of the stock is currently owned by institutional investors.

Trending Headlines about JD.com

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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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