JD.com's (JD) "Neutral" Rating Reaffirmed at Macquarie

Macquarie reaffirmed their neutral rating on shares of JD.com (NASDAQ:JD - Free Report) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. Macquarie currently has a $35.00 price objective on the information services provider's stock.

Several other research firms also recently commented on JD. UBS Group set a $51.00 price objective on JD.com in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, March 7th. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Susquehanna restated a "neutral" rating and set a $45.00 price target (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, JD.com has a consensus rating of "Moderate Buy" and an average target price of $49.27.

JD.com Stock Performance

JD stock traded up $0.05 during midday trading on Wednesday, reaching $32.58. 6,785,884 shares of the company's stock traded hands, compared to its average volume of 14,244,651. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com has a 52-week low of $24.13 and a 52-week high of $47.82. The stock has a market cap of $51.37 billion, a P/E ratio of 10.31, a PEG ratio of 0.31 and a beta of 0.53. The stock's 50-day moving average is $39.34 and its 200 day moving average is $38.47.

JD.com Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a dividend of $0.76 per share. This is a boost from JD.com's previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. JD.com's dividend payout ratio (DPR) is currently 26.13%.

Institutional Investors Weigh In On JD.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. acquired a new stake in JD.com in the 4th quarter worth about $27,000. Brooklyn Investment Group purchased a new position in JD.com during the fourth quarter worth about $34,000. Nisa Investment Advisors LLC lifted its holdings in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after acquiring an additional 417 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of JD.com in the fourth quarter valued at $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in JD.com during the 3rd quarter worth about $49,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Company Profile

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.