JD.com (NASDAQ:JD) Price Target Raised to $50.00

JD.com (NASDAQ:JD) had its price objective increased by Mizuho from $43.00 to $50.00 in a report released on Friday,Benzinga reports. They currently have an outperform rating on the information services provider’s stock.

Other equities research analysts have also issued research reports about the stock. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Citigroup lowered their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Barclays boosted their price target on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday. Two 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.92.

JD.com Price Performance

NASDAQ:JD opened at $42.29 on Friday. The stock has a market cap of $66.70 billion, a P/E ratio of 13.38, a PEG ratio of 0.31 and a beta of 0.43. JD.com has a one year low of $23.78 and a one year high of $47.82. The company has a fifty day moving average price of $38.99 and a 200 day moving average price of $36.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

JD.com Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JD. Siemens Fonds Invest GmbH acquired a new position in JD.com during the 4th quarter worth about $1,989,000. Jefferies Financial Group Inc. lifted 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 buying an additional 20,829 shares in the last quarter. Lakeshore Capital Group Inc. acquired a new position in JD.com during the 4th quarter worth about $458,000. Mackenzie Financial Corp acquired a new position in JD.com during the 4th quarter worth about $327,000. Finally, Vise Technologies Inc. acquired a new position in JD.com during the 4th quarter worth about $589,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.