JPMorgan Chase & Co. Cuts JD.com (NASDAQ:JD) Price Target to $42.00

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

Several other analysts have also recently commented on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Citigroup reaffirmed a "buy" rating and issued a $51.00 target price (down from $56.00) on shares of JD.com in a research note on Monday, April 28th. Barclays boosted 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. Wall Street Zen cut shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley set a $39.00 price objective on shares of JD.com in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.33.

JD.com Price Performance

Shares of JD stock traded up $1.36 during midday trading on Tuesday, reaching $32.94. 18,241,815 shares of the company traded hands, compared to its average volume of 14,024,708. The firm's 50 day simple moving average is $35.57 and its two-hundred day simple moving average is $37.46. JD.com has a 1-year low of $24.13 and a 1-year high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The firm has a market cap of $51.95 billion, a PE ratio of 10.42, 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 paid a $0.76 dividend. This represents a dividend yield of 1.7%. The ex-dividend date was Tuesday, April 8th. This is a positive change from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio is 23.84%.

Institutional Investors Weigh In On JD.com

A number of institutional investors have recently modified their holdings of the business. FMR LLC grew its position in JD.com by 86.2% in the 4th 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 boosted its holdings in shares of JD.com by 204.8% in the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock valued at $221,878,000 after acquiring an additional 4,299,872 shares in the last quarter. Appaloosa LP boosted its holdings in shares of JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. Voya Investment Management LLC bought a new position in shares of JD.com in the fourth quarter valued at approximately $109,665,000. Finally, Hhlr Advisors LTD. boosted its holdings in shares of JD.com by 184.7% in the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider's stock valued at $197,857,000 after acquiring an additional 3,121,700 shares in the last quarter. 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.