Morgan Stanley reiterated their equal weight rating on shares of JD.com (NASDAQ:JD - Free Report) in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a $27.00 price target on the information services provider's stock.
Other research analysts have also issued reports about the stock. Mizuho increased their target price on shares of JD.com from $32.00 to $33.00 and gave the stock a buy rating in a research note on Thursday, March 7th. StockNews.com upgraded shares of JD.com from a hold rating to a buy rating in a report on Monday, April 8th. Citigroup lowered their price objective on shares of JD.com from $43.00 to $42.00 and set a buy rating on the stock in a report on Thursday, January 25th. Loop Capital lowered their target price on shares of JD.com from $26.00 to $24.00 and set a hold rating for the company in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of JD.com from $25.00 to $28.00 and gave the company a hold rating in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, JD.com presently has a consensus rating of Moderate Buy and a consensus target price of $36.67.
Check Out Our Latest Report on JD.com
JD.com Stock Up 1.2 %
NASDAQ JD traded up $0.31 on Thursday, hitting $25.46. 10,086,400 shares of the company were exchanged, compared to its average volume of 14,687,556. The company has a market cap of $40.15 billion, a PE ratio of 11.91, a PEG ratio of 0.20 and a beta of 0.54. JD.com has a 12 month low of $20.82 and a 12 month high of $41.95. The stock has a fifty day moving average of $25.26 and a 200-day moving average of $25.90. 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 issued its earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 2.22% and a return on equity of 10.87%. JD.com's revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, analysts forecast that JD.com will post 2.85 earnings per share for the current year.
JD.com Dividend Announcement
The firm 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 dividend of $0.74 per share. The ex-dividend date is Thursday, April 4th. This represents a yield of 2.99%. JD.com's dividend payout ratio is presently 34.74%.
Hedge Funds Weigh In On JD.com
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of JD.com in the first quarter valued at approximately $81,000. Cetera Investment Advisers boosted its position in shares of JD.com by 16.9% in the first quarter. Cetera Investment Advisers now owns 7,776 shares of the information services provider's stock valued at $450,000 after acquiring an additional 1,125 shares during the period. West Family Investments Inc. bought a new position in shares of JD.com in the first quarter valued at approximately $340,000. Ergoteles LLC bought a new position in shares of JD.com in the first quarter valued at approximately $307,000. Finally, Federated Hermes Inc. boosted its position in shares of JD.com by 155.4% in the first quarter. Federated Hermes Inc. now owns 1,513,562 shares of the information services provider's stock valued at $87,590,000 after acquiring an additional 920,886 shares during the period. Institutional investors own 15.98% of the company's stock.
About JD.com
(
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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.
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