Brokerages Set JD.com, Inc. (NASDAQ:JD) Target Price at $45.64

Shares of JD.com, Inc. (NASDAQ:JD - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $45.64.

JD has been the subject of several research analyst reports. Barclays raised their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Benchmark increased their price objective on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Mizuho upped their target price on JD.com from $43.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a research note on Friday, March 7th.

Institutional Investors Weigh In On JD.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its position in JD.com by 9.9% during the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock worth $16,012,000 after acquiring an additional 36,096 shares during the last quarter. Maple Rock Capital Partners Inc. grew its position in shares of JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock valued at $143,086,000 after purchasing an additional 200,200 shares in the last quarter. KBC Group NV increased its holdings in shares of JD.com by 213.4% in the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock valued at $12,343,000 after purchasing an additional 242,409 shares during the last quarter. Appaloosa LP lifted its position in JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after buying an additional 3,165,885 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock valued at $88,580,000 after buying an additional 2,211,095 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

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JD.com Stock Performance

Shares of NASDAQ JD traded down $1.10 during midday trading on Tuesday, reaching $41.47. The company had a trading volume of 11,432,168 shares, compared to its average volume of 13,569,120. 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 business's 50-day simple moving average is $40.78 and its 200 day simple moving average is $38.10. JD.com has a 1 year low of $24.13 and a 1 year high of $47.82. The stock has a market cap of $65.40 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is a boost from JD.com's previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com's payout ratio is presently 26.13%.

About JD.com

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.