JD.com, Inc. (NASDAQ:JD) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

JD.com, Inc. (NASDAQ:JD - Get Free Report) has received a consensus rating of "Moderate Buy" from the twelve brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $47.42.

Several brokerages recently issued reports on JD. 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 research report on Friday, February 28th. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Macquarie restated a "neutral" rating and set a $35.00 price target on shares of JD.com in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Mizuho reduced their target price on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Wednesday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JD. Hexagon Capital Partners LLC purchased a new position in JD.com in the 1st quarter worth about $25,000. Richardson Financial Services Inc. purchased a new position in shares of JD.com during the fourth quarter worth approximately $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of JD.com during the first quarter valued at approximately $32,000. Brooklyn Investment Group bought a new stake in shares of JD.com during the fourth quarter valued at approximately $34,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after purchasing an additional 417 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Trading Down 2.3%

NASDAQ JD traded down $0.80 during trading on Wednesday, hitting $33.55. The company had a trading volume of 13,257,060 shares, compared to its average volume of 14,407,983. The company's fifty day moving average is $37.15 and its 200-day moving average is $37.83. JD.com has a one year low of $24.13 and a one year high of $47.82. 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 company has a market cap of $52.91 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56.

JD.com Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a dividend 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%.

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.