JD.com, Inc. (NASDAQ:JD) Given Average Recommendation of “Moderate Buy” by Brokerages

JD.com, Inc. (NASDAQ:JD) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $35.60.

A number of research firms have recently commented on JD. HSBC lifted their price objective on JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of JD.com in a research report on Tuesday, April 16th. StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. Loop Capital dropped their target price on shares of JD.com from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Finally, The Goldman Sachs Group assumed coverage on shares of JD.com in a report on Thursday, April 25th. They issued a “buy” rating and a $37.00 price target for the company.

Institutional Trading of JD.com

Institutional investors have recently bought and sold shares of the stock. China Universal Asset Management Co. Ltd. lifted its holdings in JD.com by 146.3% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider’s stock valued at $51,000 after purchasing an additional 1,042 shares during the last quarter. Mizuho Securities Co. Ltd. increased its holdings in shares of JD.com by 468.8% during the third quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock worth $53,000 after buying an additional 1,500 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC acquired a new position in shares of JD.com in the 1st quarter worth approximately $58,000. Finally, Spire Wealth Management grew its position in JD.com by 81.3% during the 3rd quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock worth $63,000 after acquiring an additional 971 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Trading Up 0.7 %

Shares of JD stock opened at $32.87 on Friday. JD.com has a 12 month low of $20.82 and a 12 month high of $41.95. The company has a market cap of $51.84 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.23 and a beta of 0.51. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $26.42 and its two-hundred day moving average is $25.89.

JD.com (NASDAQ:JD) last posted its earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. The business had revenue of $306.08 billion for the quarter, compared to analyst estimates of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. JD.com’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. Equities analysts predict that JD.com will post 2.85 EPS for the current year.

JD.com Dividend Announcement

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

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.