JD.com (NASDAQ:JD) Stock Rating Reaffirmed by Benchmark

Benchmark restated their buy rating on shares of JD.com (NASDAQ:JD) in a research note released on Tuesday morning, Benzinga reports. Benchmark currently has a $55.00 price objective on the information services provider’s stock.

Several other brokerages also recently weighed in on JD. JPMorgan Chase & Co. lifted their target price on JD.com from $25.00 to $28.00 and gave the company a hold rating in a research note on Friday, April 5th. Citigroup dropped their price objective on JD.com from $43.00 to $42.00 and set a buy rating on the stock in a research note on Thursday, January 25th. StockNews.com raised JD.com from a hold rating to a buy rating in a research note on Monday, April 8th. Barclays dropped their price objective on JD.com from $45.00 to $35.00 and set an overweight rating on the stock in a research note on Wednesday, January 31st. Finally, Mizuho boosted 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. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $36.67.

JD.com Trading Up 0.2 %

Shares of NASDAQ JD opened at $25.51 on Tuesday. The stock’s 50 day simple moving average is $25.39 and its 200 day simple moving average is $25.87. 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 company has a market cap of $40.23 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 0.20 and a beta of 0.54. JD.com has a 12-month low of $20.82 and a 12-month high of $41.95.

JD.com (NASDAQ:JD) last announced its earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share 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 return on equity of 10.87% and a net margin of 2.22%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. Equities research analysts expect that JD.com will post 2.85 EPS for the current year.

JD.com Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Monday, April 29th. Investors of record on Friday, April 5th will be issued a $0.74 dividend. This represents a dividend yield of 2.99%. The ex-dividend date is Thursday, April 4th. JD.com’s payout ratio is 34.74%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Naviter Wealth LLC grew its holdings in shares of JD.com by 3.6% during the first quarter. Naviter Wealth LLC now owns 28,779 shares of the information services provider’s stock valued at $788,000 after buying an additional 988 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of JD.com by 812.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after buying an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC purchased a new position in shares of JD.com during the first quarter valued at $58,000. Harbour Capital Advisors LLC grew its holdings in shares of JD.com by 89.4% during the first quarter. Harbour Capital Advisors LLC now owns 25,710 shares of the information services provider’s stock valued at $715,000 after buying an additional 12,135 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its stake in JD.com by 18.3% in the first quarter. 180 Wealth Advisors LLC now owns 20,557 shares of the information services provider’s stock valued at $563,000 after purchasing an additional 3,184 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

About JD.com

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.