JD.com, Inc. (NASDAQ:JD) Receives $48.67 Consensus Price Target from Brokerages

Shares of JD.com, Inc. (NASDAQ:JD) have earned an average rating of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $48.67.

A number of equities research analysts have weighed in on the company. Benchmark lifted their target price on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, March 7th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Bank of America cut their price objective on shares of JD.com from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Mizuho raised their price objective on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a report on Friday, March 7th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new position in shares of JD.com during the 3rd quarter worth $346,000. MML Investors Services LLC lifted its holdings in JD.com by 25.1% during the 3rd quarter. MML Investors Services LLC now owns 18,539 shares of the information services provider’s stock worth $742,000 after purchasing an additional 3,717 shares in the last quarter. Virtu Financial LLC grew its stake in JD.com by 86.5% during the third quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider’s stock valued at $2,766,000 after acquiring an additional 32,079 shares in the last quarter. World Investment Advisors LLC purchased a new position in JD.com during the third quarter worth about $3,170,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com in the 3rd quarter valued at about $49,000. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD opened at $34.06 on Friday. The firm’s fifty day simple moving average is $39.92 and its two-hundred day simple moving average is $38.79. JD.com has a 12 month low of $24.13 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 stock has a market capitalization of $53.72 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53.

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 issued a dividend of $0.76 per share. This is a positive change 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 26.13%.

About JD.com

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.