Benchmark Cuts JD.com (NASDAQ:JD) Price Target to $53.00

JD.com (NASDAQ:JD) had its target price cut by Benchmark from $58.00 to $53.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

Several other research analysts also recently issued reports on the company. UBS Group set a $51.00 price objective on JD.com in a research note on Friday, March 7th. Mizuho upped their price objective on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Bank of America lowered their price objective on JD.com from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Barclays upped their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.42.

JD.com Stock Down 2.3%

Shares of NASDAQ JD opened at $33.55 on Wednesday. The stock has a 50-day moving average price of $37.15 and a two-hundred day moving average price of $37.83. JD.com has a 12 month low of $24.13 and a 12 month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a market cap of $52.91 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.31 and a beta of 0.56.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were given a $0.76 dividend. The ex-dividend date was Tuesday, April 8th. This represents a yield of 1.7%. This is an increase from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio (DPR) is presently 26.13%.

Hedge Funds Weigh In On JD.com

Hedge funds have recently bought and sold shares of the company. Hexagon Capital Partners LLC bought a new stake in shares of JD.com during the 1st quarter worth $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of JD.com during the 1st quarter worth $32,000. Richardson Financial Services Inc. bought a new stake in shares of JD.com during the 4th quarter worth $27,000. Brooklyn Investment Group bought a new stake in shares of JD.com during the 4th quarter worth $34,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Company Profile

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.