Benchmark Reaffirms "Buy" Rating for JD.com (NASDAQ:JD)

Benchmark reiterated their buy rating on shares of JD.com (NASDAQ:JD - Free Report) in a research note published on Tuesday, Benzinga reports. They currently have a $55.00 price target on the information services provider's stock.

Several other equities research analysts have also recently weighed in on JD. Mizuho increased their target price on JD.com from $32.00 to $33.00 and gave the company a buy rating in a report on Thursday, March 7th. Nomura dropped their target price on JD.com from $36.00 to $33.00 in a report on Friday, April 5th. Susquehanna dropped their target price on JD.com from $30.00 to $28.00 and set a neutral rating for the company in a report on Friday, April 5th. JPMorgan Chase & Co. increased their target price on JD.com from $25.00 to $28.00 and gave the company a hold rating in a report on Friday, April 5th. Finally, Loop Capital dropped their target price on JD.com from $26.00 to $24.00 and set a hold rating for the company in a report on Friday, April 5th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $37.07.

JD.com Price Performance

NASDAQ JD traded down $0.36 during trading on Tuesday, reaching $25.06. The company's stock had a trading volume of 7,512,991 shares, compared to its average volume of 14,873,924. The stock has a market capitalization of $39.52 billion, a PE ratio of 11.82, a P/E/G ratio of 0.20 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.90. The firm has a fifty day moving average of $25.20 and a 200 day moving average of $25.93. JD.com has a one year low of $20.82 and a one year high of $41.95.

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

JD.com Announces Dividend

The business also recently announced an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, April 5th will be given a $0.74 dividend. This represents a yield of 2.99%. The ex-dividend date of this dividend is Thursday, April 4th. JD.com's dividend payout ratio (DPR) is presently 34.74%.

Institutional Investors Weigh In On JD.com

Large investors have recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC grew its position in shares of JD.com by 89.4% during the 1st quarter. Harbour Capital Advisors LLC now owns 25,710 shares of the information services provider's stock valued at $715,000 after acquiring an additional 12,135 shares during the period. 180 Wealth Advisors LLC grew its position in shares of JD.com by 18.3% during the 1st quarter. 180 Wealth Advisors LLC now owns 20,557 shares of the information services provider's stock valued at $563,000 after acquiring an additional 3,184 shares during the period. Sunbelt Securities Inc. grew its position in shares of JD.com by 45.4% during the 1st quarter. Sunbelt Securities Inc. now owns 10,139 shares of the information services provider's stock valued at $278,000 after acquiring an additional 3,167 shares during the period. Matthews International Capital Management LLC bought a new stake in shares of JD.com during the 1st quarter valued at $12,247,000. Finally, Wallace Advisory Group LLC grew its position in shares of JD.com by 3.2% during the 1st quarter. Wallace Advisory Group LLC now owns 26,717 shares of the information services provider's stock valued at $772,000 after acquiring an additional 840 shares during the period. Institutional investors own 15.98% of the company's stock.

JD.com Company Profile

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.