JD.com, Inc. (NASDAQ:JD - Get Free Report) shot up 3.9% during trading on Thursday . The company traded as high as $41.69 and last traded at $41.95. 2,837,795 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 13,333,318 shares. The stock had previously closed at $40.37.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Benchmark lifted their price objective on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Barclays upped their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. lifted their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Mizuho upped their target price on JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, Dbs Bank upgraded JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $45.64.
Get Our Latest Stock Report on JD.com
JD.com Stock Up 2.7 %
The company's fifty day simple moving average is $39.35 and its 200 day simple moving average is $37.07. 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 firm has a market capitalization of $65.38 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43.
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 given a dividend of $0.76 per share. This is a boost from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com's dividend payout ratio (DPR) is 19.73%.
Hedge Funds Weigh In On JD.com
Several large investors have recently modified their holdings of JD. Rhumbline Advisers boosted its holdings in shares of JD.com by 1.7% in the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock worth $561,000 after buying an additional 265 shares during the last quarter. Quintet Private Bank Europe S.A. increased its stake in shares of JD.com by 4.5% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock worth $271,000 after purchasing an additional 334 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of JD.com by 71.5% during 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 in the last quarter. Sequoia Financial Advisors LLC raised its holdings in JD.com by 4.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock valued at $353,000 after acquiring an additional 436 shares during the period. Finally, Huntington National Bank raised its holdings in JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider's stock valued at $74,000 after acquiring an additional 452 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.
About JD.com
(
Get Free Report)
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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