JD.com (NASDAQ:JD) Price Target Raised to $40.00

JD.com (NASDAQ:JD) had its price objective raised by Nomura from $37.00 to $40.00 in a research report released on Monday,MarketScreener reports. The firm currently has a buy rating on the information services provider’s stock.

Several other research firms have also issued reports on JD. Morgan Stanley restated an “underweight” rating and issued a $22.00 price target on shares of JD.com in a research report on Thursday, March 5th. Weiss Ratings downgraded JD.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Citigroup cut their target price on JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, January 2nd. Sanford C. Bernstein restated an “outperform” rating and set a $38.00 target price on shares of JD.com in a research report on Friday, November 14th. Finally, Bank of America reaffirmed a “buy” rating and issued a $33.00 price target on shares of JD.com in a research note on Thursday, March 5th. Eleven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.36.

JD.com Price Performance

JD opened at $28.11 on Monday. The company has a fifty day moving average price of $28.22 and a two-hundred day moving average price of $30.54. The firm has a market capitalization of $40.27 billion, a PE ratio of 15.97, a P/E/G ratio of 8.56 and a beta of 0.41. JD.com has a 52 week low of $24.51 and a 52 week high of $45.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.22.

JD.com Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Thursday, April 9th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This is a positive change from JD.com’s previous annual dividend of $0.76. This represents a yield of 396.0%. JD.com’s payout ratio is presently 55.68%.

Institutional Investors Weigh In On JD.com

A number of hedge funds have recently modified their holdings of JD. Binnacle Investments Inc lifted its holdings in shares of JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 589 shares in the last quarter. Root Financial Partners LLC increased its stake in JD.com by 1,020.0% during the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after purchasing an additional 1,020 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in JD.com during the 3rd quarter worth approximately $35,000. Assetmark Inc. raised its holdings in JD.com by 62.0% during the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after buying an additional 399 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in JD.com by 191.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after buying an additional 815 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.