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

JD.com (NASDAQ:JD - Free Report) had its price objective increased by Benchmark from $47.00 to $58.00 in a report released on Friday,Benzinga reports. They currently have a buy rating on the information services provider's stock.

Several other equities research analysts also recently issued reports on the stock. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. StockNews.com downgraded shares of JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Barclays lifted their target price on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Citigroup cut their price target on JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a report on Friday, November 15th. Finally, Sanford C. Bernstein raised JD.com from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.43.

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JD.com Stock Performance

JD traded up $0.11 during trading on Friday, hitting $40.75. The stock had a trading volume of 13,285,430 shares, compared to its average volume of 13,623,484. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $39.12 and a 200-day simple moving average of $36.95. The firm has a market cap of $64.27 billion, a PE ratio of 12.90, a P/E/G ratio of 0.31 and a beta of 0.43. JD.com has a 12 month low of $24.13 and a 12 month high of $47.82.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is an increase from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. JD.com's payout ratio is 19.73%.

Institutional Investors Weigh In On JD.com

A number of institutional investors have recently made changes to their positions in the stock. Richardson Financial Services Inc. acquired a new stake in shares of JD.com in the 4th quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in JD.com in the fourth quarter worth $34,000. Nisa Investment Advisors LLC grew its holdings in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after buying an additional 417 shares during the period. Modus Advisors LLC acquired a new position in JD.com in the fourth quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of JD.com in the third quarter worth about $49,000. 15.98% of the stock is owned by institutional investors and hedge funds.

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.