JD.com, Inc. (NASDAQ:JD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of JD.com, Inc. (NASDAQ:JD) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $45.64.

A number of equities research analysts recently commented on JD shares. Benchmark increased their price target on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Mizuho raised their target price on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. UBS Group set a $51.00 price objective on shares of JD.com in a research report on Friday, March 7th. Finally, StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th.

JD.com Price Performance

NASDAQ:JD opened at $42.57 on Tuesday. The firm has a market cap of $67.14 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The company’s 50-day moving average price is $40.78 and its two-hundred day moving average price is $38.10. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com has a 12 month low of $24.13 and a 12 month high of $47.82.

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 given a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is a boost from JD.com’s previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com’s dividend payout ratio (DPR) is currently 26.13%.

Hedge Funds Weigh In On JD.com

Several institutional investors and hedge funds have recently modified their holdings of JD. FMR LLC increased its holdings in JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock worth $986,280,000 after purchasing an additional 13,170,649 shares in the last quarter. Appaloosa LP raised its position in JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock valued at $362,852,000 after buying an additional 3,165,885 shares during the last quarter. CoreView Capital Management Ltd raised its position in JD.com by 204.8% in the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock valued at $221,878,000 after buying an additional 4,299,872 shares during the last quarter. Two Sigma Advisers LP lifted its stake in JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after acquiring an additional 4,839,700 shares in the last quarter. Finally, Temasek Holdings Private Ltd boosted its position in JD.com by 18.4% during the 4th quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider’s stock worth $160,366,000 after acquiring an additional 718,760 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.