Analysts Set JD.com, Inc. (NASDAQ:JD) Price Target at $48.67

Shares of JD.com, Inc. (NASDAQ:JD) have received an average rating of “Buy” from the thirteen research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $48.67.

A number of research firms have recently issued reports on JD. UBS Group set a $51.00 price objective on JD.com in a report on Friday, March 7th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Bank of America decreased their price objective on shares of JD.com from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. boosted their price target on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, March 7th.

Institutional Trading of JD.com

A number of hedge funds have recently made changes to their positions in JD. Wellington Management Group LLP bought a new stake in JD.com in the third quarter worth $346,000. MML Investors Services LLC grew its holdings in shares of JD.com by 25.1% during the third quarter. MML Investors Services LLC now owns 18,539 shares of the information services provider’s stock valued at $742,000 after buying an additional 3,717 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of JD.com by 86.5% during the third quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider’s stock valued at $2,766,000 after purchasing an additional 32,079 shares in the last quarter. World Investment Advisors LLC bought a new stake in JD.com in the 3rd quarter worth about $3,170,000. Finally, Wilmington Savings Fund Society FSB bought a new position in JD.com during the 3rd quarter valued at about $49,000. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

NASDAQ JD opened at $34.06 on Friday. JD.com has a 52-week low of $24.13 and a 52-week high of $47.82. The company has a fifty day moving average of $39.92 and a 200-day moving average of $38.79. The company has a market capitalization of $53.72 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.31 and a beta of 0.53. 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 firm also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is a boost from JD.com’s previous annual dividend of $0.74. JD.com’s payout ratio is 26.13%.

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.