JD.com (NASDAQ:JD) Price Target Raised to $55.00

JD.com (NASDAQ:JD) had its price objective boosted by JPMorgan Chase & Co. from $50.00 to $55.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the information services provider’s stock.

Other equities 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 research report on Tuesday, February 11th. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Benchmark increased their price objective on shares of JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Finally, Citigroup dropped their price objective 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. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.92.

JD.com Stock Performance

Shares of JD stock opened at $42.29 on Friday. JD.com has a one year low of $23.78 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The company has a 50 day moving average price of $38.99 and a 200 day moving average price of $36.85. The firm has a market capitalization of $66.70 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43.

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 paid a $0.76 dividend. The ex-dividend date is Tuesday, April 8th. This is an increase from JD.com’s previous annual dividend of $0.74. This represents a dividend yield of 1.7%. JD.com’s dividend payout ratio is 19.73%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Siemens Fonds Invest GmbH bought a new position in JD.com during the 4th quarter valued at $1,989,000. Jefferies Financial Group Inc. boosted its stake 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 valued at $1,147,000 after acquiring an additional 20,829 shares during the last quarter. Lakeshore Capital Group Inc. bought a new position in JD.com during the 4th quarter valued at $458,000. Mackenzie Financial Corp bought a new position in JD.com during the 4th quarter valued at $327,000. Finally, Vise Technologies Inc. bought a new position in JD.com during the 4th quarter valued at $589,000. 15.98% of the stock is currently owned by institutional investors.

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.