JD.com (NASDAQ:JD) Upgraded at Wall Street Zen
by Doug Wharley · The Cerbat GemWall Street Zen upgraded shares of JD.com (NASDAQ:JD – Free Report) from a sell rating to a hold rating in a research note published on Saturday morning.
A number of other research firms have also commented on JD. Nomura lifted their target price on shares of JD.com from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Arete Research set a $37.00 price target on JD.com in a research note on Friday. UBS Group restated a “buy” rating on shares of JD.com in a research report on Friday, March 6th. Bank of America reaffirmed a “buy” rating and set a $33.00 price objective on shares of JD.com in a research note on Thursday, March 5th. Finally, Weiss Ratings downgraded JD.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 13th. Eleven analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.21.
Get Our Latest Stock Report on JD.com
JD.com Stock Performance
JD.com stock opened at $31.37 on Friday. The company has a market cap of $44.94 billion, a PE ratio of 17.82, a PEG ratio of 8.61 and a beta of 0.36. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. JD.com has a 1 year low of $24.51 and a 1 year high of $38.08. The company’s 50-day moving average is $28.20 and its two-hundred day moving average is $29.66.
JD.com (NASDAQ:JD – Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The information services provider reported $0.04 EPS for the quarter. JD.com had a net margin of 1.48% and a return on equity of 7.56%. The company had revenue of $50.35 billion during the quarter. Equities analysts anticipate that JD.com will post 2.68 earnings per share for the current year.
JD.com Increases Dividend
The company also recently announced an annual dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Thursday, April 9th will be issued a $1.00 dividend. This represents a yield of 353.0%. This is a boost from JD.com’s previous annual dividend of $0.76. The ex-dividend date is Thursday, April 9th. JD.com’s dividend payout ratio (DPR) is 55.68%.
Hedge Funds Weigh In On JD.com
Several institutional investors and hedge funds have recently made changes to their positions in JD. Binnacle Investments Inc increased its position in shares of JD.com by 365.8% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after buying an additional 589 shares in the last quarter. Root Financial Partners LLC grew its stake in JD.com by 1,020.0% in the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after acquiring an additional 1,020 shares during the period. Stone House Investment Management LLC acquired a new position in JD.com in the third quarter valued at about $35,000. Assetmark Inc. increased its holdings in shares of JD.com by 62.0% in the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after acquiring an additional 399 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of JD.com by 191.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after acquiring an additional 815 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.
JD.com Company Profile
JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.
A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.