JD.com (NASDAQ:JD) Price Target Raised to $58.00

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

JD has been the topic of a number of other research reports. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Barclays lifted their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Citigroup decreased their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, JD.com has an average rating of “Moderate Buy” and an average target price of $43.92.

JD.com Stock Down 3.7 %

Shares of NASDAQ JD opened at $42.29 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com has a 52 week low of $23.78 and a 52 week high of $47.82. The stock has a market capitalization of $66.70 billion, a P/E ratio of 13.38, a PEG ratio of 0.31 and a beta of 0.43. The stock’s fifty day moving average is $38.99 and its 200 day moving average is $36.85.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This is a boost from JD.com’s previous annual dividend of $0.74. This represents a dividend yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com’s payout ratio is 19.73%.

Institutional Trading of JD.com

Several hedge funds and other institutional investors have recently made changes to their positions in JD. Wealth Enhancement Advisory Services LLC grew its holdings in shares of JD.com by 18.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,688 shares of the information services provider’s stock worth $468,000 after purchasing an additional 1,830 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of JD.com by 3.1% during the third quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock worth $1,172,000 after purchasing an additional 889 shares during the last quarter. AIA Group Ltd bought a new stake in shares of JD.com during the third quarter worth about $346,000. XY Capital Ltd bought a new stake in shares of JD.com during the third quarter worth about $6,540,000. Finally, Assetmark Inc. bought a new stake in shares of JD.com during the third quarter worth about $400,000. 15.98% of the stock is currently owned by institutional investors.

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.