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

JD.com, Inc. (NASDAQ:JD - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $48.25.

JD has been the subject of several research reports. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Macquarie restated a "neutral" rating and set a $35.00 price objective on shares of JD.com in a research note on Wednesday. Barclays raised their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Susquehanna restated a "neutral" rating and set a $45.00 price objective (up from $35.00) on shares of JD.com in a research note on Wednesday, March 12th.

JD.com Stock Up 1.4 %

JD traded up $0.48 during trading on Friday, reaching $34.15. The stock had a trading volume of 6,576,230 shares, compared to its average volume of 14,175,562. JD.com has a one year low of $24.13 and a one year high of $47.82. The company has a market capitalization of $53.86 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 0.31 and a beta of 0.53. 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's 50 day moving average is $39.80 and its two-hundred day moving average is $38.75.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.7%. This is an increase from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is currently 26.13%.

Hedge Funds Weigh In On JD.com

Large investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in JD.com by 86.2% in the fourth 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 during the last quarter. CoreView Capital Management Ltd increased its holdings in shares of 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 worth $221,878,000 after buying an additional 4,299,872 shares during the last quarter. Appaloosa LP grew its position in JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. Voya Investment Management LLC purchased a new position in JD.com in the fourth quarter worth about $109,665,000. Finally, Aspex Management HK Ltd purchased a new position in JD.com in the fourth quarter worth about $93,562,000. Hedge funds and other institutional investors 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.