JD.com (NASDAQ:JD - Free Report) had its target price boosted by Mizuho from $43.00 to $50.00 in a research report report published on Friday morning, Marketbeat.com reports. Mizuho currently has an outperform rating on the information services provider's stock.
Several other brokerages have also issued reports on JD. Citigroup cut their target price on shares of JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a research report on Friday, November 15th. JPMorgan Chase & Co. upped their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday. Benchmark raised their price objective on JD.com from $47.00 to $58.00 and gave the company a "buy" rating in a report on Friday. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Barclays increased their price target on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $44.43.
Check Out Our Latest Research Report on JD.com
JD.com Stock Performance
NASDAQ JD traded up $0.11 during trading on Friday, hitting $40.75. 13,285,430 shares of the company's stock traded hands, compared to its average volume of 13,623,484. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com has a 12-month low of $24.13 and a 12-month high of $47.82. The stock has a market capitalization of $64.27 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.31 and a beta of 0.43. The business has a 50 day moving average of $39.12 and a 200-day moving average of $36.95.
JD.com Increases Dividend
The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. This represents a dividend yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is an increase from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is 19.73%.
Institutional Investors Weigh In On JD.com
Several institutional investors have recently bought and sold shares of the business. FMR LLC increased its stake in JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after buying an additional 13,170,649 shares during the period. Appaloosa LP lifted its position in shares of JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after purchasing an additional 3,165,885 shares in the last quarter. CoreView Capital Management Ltd boosted its stake in shares of JD.com by 204.8% during the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock valued at $221,878,000 after buying an additional 4,299,872 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock valued at $252,268,000 after buying an additional 4,839,700 shares during the last quarter. Finally, Temasek Holdings Private Ltd lifted its stake in JD.com by 18.4% in the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after acquiring an additional 718,760 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.
About JD.com
(
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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.
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