JD.com (NASDAQ:JD) Given New $42.00 Price Target at JPMorgan Chase & Co.

JD.com (NASDAQ:JD - Free Report) had its price target reduced by JPMorgan Chase & Co. from $48.00 to $42.00 in a research report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the information services provider's stock.

Other analysts have also issued reports about the stock. Citigroup reaffirmed a "buy" rating and set a $51.00 price target (down from $56.00) on shares of JD.com in a research report on Monday, April 28th. UBS Group set a $51.00 price objective on JD.com in a research note on Friday, March 7th. Barclays lifted their target price on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Susquehanna decreased their target price on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, JD.com currently has an average rating of "Moderate Buy" and a consensus price target of $46.33.

JD.com Stock Down 1.8%

JD.com stock traded down $0.59 during mid-day trading on Tuesday, reaching $32.35. The company's stock had a trading volume of 11,019,075 shares, compared to its average volume of 14,026,726. The business's 50 day simple moving average is $35.19 and its 200 day simple moving average is $37.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com has a 12 month low of $24.13 and a 12 month high of $47.82. The company has a market capitalization of $51.02 billion, a price-to-earnings ratio of 10.24, 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. This represents a dividend yield of 1.7%. This is an increase from JD.com's previous annual dividend of $0.74. The ex-dividend date of this dividend was Tuesday, April 8th. JD.com's dividend payout ratio is presently 23.84%.

Hedge Funds Weigh In On JD.com

Several hedge funds have recently bought and sold shares of JD. Nisa Investment Advisors LLC lifted its stake 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 valued at $35,000 after acquiring an additional 417 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in JD.com by 41.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,508 shares of the information services provider's stock valued at $850,000 after buying an additional 7,174 shares during the period. Brighton Jones LLC acquired a new stake in JD.com in the fourth quarter worth $270,000. Blue Trust Inc. increased its position in JD.com by 188.3% in the 4th quarter. Blue Trust Inc. now owns 9,103 shares of the information services provider's stock valued at $316,000 after buying an additional 5,945 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of JD.com during the fourth quarter worth approximately $66,000. 15.98% of the stock is 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.