JD.com, Inc. (NASDAQ:JD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of JD.com, Inc. (NASDAQ:JD) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $37.07.

A number of brokerages have recently issued reports on JD. Benchmark reduced their price objective on shares of JD.com from $67.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday. Citigroup reduced their price objective on shares of JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Nomura reduced their price objective on shares of JD.com from $36.00 to $33.00 in a research note on Friday. Barclays reduced their price objective on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Finally, StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a research note on Monday.

Institutional Investors Weigh In On JD.com

Several hedge funds have recently modified their holdings of the business. First Manhattan Co. raised its stake in shares of JD.com by 32.5% during the 4th quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock worth $56,000 after acquiring an additional 244 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of JD.com by 3.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,068 shares of the information services provider’s stock worth $275,000 after acquiring an additional 278 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of JD.com by 0.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 39,941 shares of the information services provider’s stock worth $1,163,000 after acquiring an additional 371 shares in the last quarter. Ronald Blue Trust Inc. raised its stake in shares of JD.com by 28.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,883 shares of the information services provider’s stock worth $55,000 after acquiring an additional 416 shares in the last quarter. Finally, SVB Wealth LLC increased its stake in JD.com by 2.0% during the 1st quarter. SVB Wealth LLC now owns 24,265 shares of the information services provider’s stock valued at $1,404,000 after purchasing an additional 473 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Trading Down 0.3 %

Shares of NASDAQ JD opened at $25.94 on Tuesday. The firm’s 50 day moving average price is $24.81 and its 200-day moving average price is $26.04. The company has a market cap of $40.91 billion, a PE ratio of 12.18, a P/E/G ratio of 0.21 and a beta of 0.54. JD.com has a 52-week low of $20.82 and a 52-week high of $41.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. The company had revenue of $306.08 billion for the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. On average, equities research analysts expect that JD.com will post 2.85 EPS for the current fiscal year.

JD.com Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, April 5th will be given a $0.74 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 2.99%. JD.com’s payout ratio is presently 34.74%.

About JD.com

JD.com, Inc provides supply chain-based technologies and services 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.