JD.com (NASDAQ:JD) Stock Rating Reaffirmed by Benchmark

Benchmark reiterated their buy rating on shares of JD.com (NASDAQ:JD) in a report published on Tuesday, Benzinga reports. The brokerage currently has a $55.00 price target on the information services provider’s stock.

Other analysts also recently issued research reports about the company. Nomura dropped their price objective on JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Barclays dropped their price objective on JD.com from $45.00 to $35.00 and set an overweight rating on the stock in a research note on Wednesday, January 31st. HSBC raised 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. Mizuho raised their price objective on JD.com from $32.00 to $33.00 and gave the stock a buy rating in a research note on Thursday, March 7th. Finally, Susquehanna dropped their price objective on JD.com from $30.00 to $28.00 and set a neutral rating on the stock in a research note on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $36.67.

JD.com Stock Performance

JD stock opened at $25.51 on Tuesday. The business’s fifty day moving average is $25.39 and its 200-day moving average is $25.87. 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 company has a market cap of $40.23 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 0.20 and a beta of 0.54. JD.com has a twelve month low of $20.82 and a twelve month high of $41.95.

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

JD.com Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, April 5th will be issued a $0.74 dividend. This represents a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, April 4th. JD.com’s payout ratio is 34.74%.

Hedge Funds Weigh In On JD.com

Hedge funds have recently modified their holdings of the stock. O Dell Group LLC bought a new position in shares of JD.com in the 4th quarter valued at about $40,000. China Universal Asset Management Co. Ltd. lifted its stake in JD.com by 146.3% in 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. Allspring Global Investments Holdings LLC lifted its stake in JD.com by 812.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares during the last quarter. Mizuho Securities Co. Ltd. lifted its stake in JD.com by 468.8% in the 3rd quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Ronald Blue Trust Inc. lifted its stake in JD.com by 28.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,883 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

JD.com, Inc provides supply chain-based technologies and services 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.