JD.com (NASDAQ:JD) Given New $41.00 Price Target at Barclays

JD.com (NASDAQ:JD - Free Report) had its target price upped by Barclays from $39.00 to $41.00 in a report released on Friday, Benzinga reports. The firm currently has an overweight rating on the information services provider's stock.

JD has been the subject of a number of other reports. Susquehanna dropped their price target on JD.com from $30.00 to $28.00 and set a neutral rating for the company in a research note on Friday, April 5th. Citigroup reduced their price target on shares of JD.com from $43.00 to $42.00 and set a buy rating on the stock in a research report on Thursday, January 25th. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $25.00 to $28.00 and gave the company a hold rating in a research report on Friday, April 5th. StockNews.com downgraded shares of JD.com from a buy rating to a hold rating in a report on Monday. Finally, Macquarie raised shares of JD.com from a neutral rating to an outperform rating and increased their price target for the company from $26.00 to $40.00 in a report on Friday. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $37.47.

JD.com Stock Performance

Shares of NASDAQ:JD traded up $1.00 during mid-day trading on Friday, reaching $35.27. 19,434,200 shares of the company traded hands, compared to its average volume of 14,238,827. The company's 50 day moving average price is $28.36 and its 200-day moving average price is $26.40. The firm has a market cap of $55.63 billion, a PE ratio of 16.59, a PEG ratio of 0.27 and a beta of 0.51. JD.com has a 52 week low of $20.82 and a 52 week high of $41.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.90.

JD.com (NASDAQ:JD - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $4.74. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The business had revenue of $306.08 billion during the quarter, compared to analyst estimates of $300.21 billion. During the same quarter in the prior year, the business posted $0.54 EPS. JD.com's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts expect that JD.com will post 2.85 EPS for the current fiscal year.

JD.com Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, April 29th. Stockholders of record on Friday, April 5th were given a $0.74 dividend. This represents a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, April 4th. JD.com's payout ratio is currently 34.74%.

Institutional Trading of JD.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wahed Invest LLC boosted its stake in JD.com by 34.0% in the 1st quarter. Wahed Invest LLC now owns 44,096 shares of the information services provider's stock worth $1,208,000 after purchasing an additional 11,178 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of JD.com during the first quarter worth $849,000. Lazard Asset Management LLC grew its holdings in shares of JD.com by 30.7% during the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider's stock valued at $159,461,000 after buying an additional 1,368,356 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of JD.com by 93.4% in the 1st quarter. Quadrature Capital Ltd now owns 446,974 shares of the information services provider's stock valued at $12,234,000 after acquiring an additional 215,815 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in JD.com by 9.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider's stock worth $39,887,000 after acquiring an additional 129,763 shares during the last quarter. 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.