Benchmark Issues Positive Forecast for JD.com (NASDAQ:JD) Stock Price

JD.com (NASDAQ:JD) had its price target upped by Benchmark from $47.00 to $58.00 in a report published on Friday,Benzinga reports. The firm currently has a buy rating on the information services provider’s stock.

JD has been the topic of several other research reports. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Citigroup decreased their price target 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. Barclays upped their price objective on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.92.

JD.com Price Performance

JD stock opened at $42.29 on Friday. The business’s fifty day moving average price is $38.99 and its 200 day moving average price is $36.72. JD.com has a 12-month low of $23.78 and a 12-month high of $47.82. 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 company has a market capitalization of $66.70 billion, a PE ratio of 13.38, a P/E/G ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be given 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 currently 23.42%.

Hedge Funds Weigh In On JD.com

Large investors have recently bought and sold shares of the stock. Siemens Fonds Invest GmbH acquired a new stake in shares of JD.com in the fourth quarter valued at approximately $1,989,000. Jefferies Financial Group Inc. grew its position in JD.com by 169.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 33,086 shares of the information services provider’s stock worth $1,147,000 after purchasing an additional 20,829 shares during the last quarter. Lakeshore Capital Group Inc. acquired a new position in JD.com in the fourth quarter valued at $458,000. Mackenzie Financial Corp purchased a new stake in shares of JD.com in the fourth quarter valued at about $327,000. Finally, Vise Technologies Inc. acquired a new stake in shares of JD.com during the fourth quarter worth about $589,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

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.