JD.com, Inc. (NASDAQ:JD - Get Free Report) shares shot up 4.2% during mid-day trading on Monday . The stock traded as high as $26.73 and last traded at $26.58. 5,297,164 shares were traded during mid-day trading, a decline of 64% from the average session volume of 14,557,769 shares. The stock had previously closed at $25.51.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on JD. Benchmark reissued a "buy" rating and issued a $55.00 price objective on shares of JD.com in a research note on Tuesday, April 16th. Morgan Stanley reaffirmed an "equal weight" rating and set a $27.00 price target on shares of JD.com in a research note on Thursday. Loop Capital lowered their price target on shares of JD.com from $26.00 to $24.00 and set a "hold" rating on the stock in a research note on Friday, April 5th. Barclays lowered their price target on shares of JD.com from $45.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 31st. Finally, HSBC upped their price target on shares of JD.com from $38.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, JD.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.
Read Our Latest Report on JD.com
JD.com Stock Performance
The stock's 50-day moving average is $25.48 and its 200-day moving average is $25.82. The stock has a market cap of $42.57 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 0.20 and a beta of 0.54. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14.
JD.com (NASDAQ:JD - Get Free Report) last posted its earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $4.74. The company had revenue of $306.08 billion for the quarter, compared to analysts' expectations of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. On average, analysts expect that JD.com, Inc. will post 2.85 EPS for the current year.
JD.com Dividend Announcement
The firm also recently declared an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, April 5th will be issued a dividend of $0.74 per share. This represents a dividend yield of 2.99%. The ex-dividend date is Thursday, April 4th. JD.com's dividend payout ratio (DPR) is 34.74%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Morgan Stanley grew its holdings in JD.com by 15.8% during the third quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider's stock worth $270,267,000 after acquiring an additional 1,265,995 shares during the period. FIL Ltd grew its holdings in JD.com by 124.3% during the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider's stock worth $179,423,000 after acquiring an additional 3,441,605 shares during the period. National Bank of Canada FI grew its holdings in JD.com by 292.4% during the fourth quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider's stock worth $120,679,000 after acquiring an additional 3,305,956 shares during the period. Aspex Management HK Ltd purchased a new position in JD.com in the 4th quarter worth about $114,009,000. Finally, Discerene Group LP increased its stake in JD.com by 107.9% in the 4th quarter. Discerene Group LP now owns 3,347,232 shares of the information services provider's stock worth $96,702,000 after purchasing an additional 1,737,572 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.
About JD.com
(
Get Free Report)
JD.com, Inc provides supply chain-based technologies and services 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.
Further Reading
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