JD.com (NASDAQ:JD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

JD.com (NASDAQ:JD) had its price target raised by JPMorgan Chase & Co. from $50.00 to $55.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the information services provider’s stock.

Other analysts have also recently issued research reports about the stock. Citigroup dropped their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Barclays increased their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.92.

JD.com Stock Down 3.7 %

Shares of NASDAQ:JD opened at $42.29 on Friday. The stock has a market capitalization of $66.70 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. JD.com has a 1-year low of $23.78 and a 1-year high of $47.82. The company’s fifty day moving average is $38.99 and its two-hundred day moving average is $36.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

JD.com Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. This is a boost from JD.com’s previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.7%. JD.com’s dividend payout ratio (DPR) is presently 19.73%.

Hedge Funds Weigh In On JD.com

Several large investors have recently made changes to their positions in JD. Wealth Enhancement Advisory Services LLC boosted its position in shares of JD.com by 18.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,688 shares of the information services provider’s stock valued at $468,000 after purchasing an additional 1,830 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of JD.com by 3.1% during the 3rd quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock valued at $1,172,000 after purchasing an additional 889 shares in the last quarter. AIA Group Ltd bought a new position in shares of JD.com during the 3rd quarter valued at about $346,000. XY Capital Ltd bought a new position in shares of JD.com during the 3rd quarter valued at about $6,540,000. Finally, Assetmark Inc. bought a new position in shares of JD.com during the 3rd quarter valued at about $400,000. 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.