JD.com (NASDAQ:JD) Rating Reiterated by Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of JD.com (NASDAQ:JD) in a research report report published on Thursday, Benzinga reports. The firm currently has a $27.00 price target on the information services provider’s stock.

A number of other equities research analysts have also weighed in on the stock. Barclays dropped their price objective on shares of JD.com from $45.00 to $35.00 and set an overweight rating on the stock in a report on Wednesday, January 31st. Nomura cut their price objective on JD.com from $36.00 to $33.00 in a report on Friday, April 5th. Mizuho raised their price objective on JD.com from $32.00 to $33.00 and gave the stock a buy rating in a research note on Thursday, March 7th. Benchmark reiterated a buy rating and issued a $55.00 target price on shares of JD.com in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective 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 analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, JD.com has an average rating of Moderate Buy and an average target price of $36.67.

JD.com Stock Up 1.2 %

Shares of NASDAQ JD opened at $25.46 on Thursday. The stock’s fifty day simple moving average is $25.33 and its two-hundred day simple moving average is $25.90. JD.com has a 12-month low of $20.82 and a 12-month high of $41.95. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $40.15 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.20 and a beta of 0.54.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $4.74. The firm had revenue of $306.08 billion for the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. As a group, analysts expect that JD.com will post 2.85 EPS for the current fiscal year.

JD.com Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, April 5th will be given a $0.74 dividend. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 2.99%. JD.com’s dividend payout ratio (DPR) is currently 34.74%.

Institutional Investors Weigh In On JD.com

A number of institutional investors have recently modified their holdings of JD. Voloridge Investment Management LLC raised its position in JD.com by 2,693.5% during the fourth quarter. Voloridge Investment Management LLC now owns 6,397,396 shares of the information services provider’s stock worth $184,821,000 after acquiring an additional 6,168,384 shares during the period. Aspex Management HK Ltd purchased a new stake in shares of JD.com during the fourth quarter worth about $114,009,000. Dodge & Cox raised its position in shares of JD.com by 18.9% during the 4th quarter. Dodge & Cox now owns 21,944,549 shares of the information services provider’s stock worth $633,978,000 after purchasing an additional 3,482,900 shares during the last quarter. FIL Ltd lifted its stake in JD.com by 124.3% in the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after buying an additional 3,441,605 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in JD.com by 292.4% in the 4th quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock worth $120,679,000 after buying an additional 3,305,956 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Company Profile

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.