JD.com (NASDAQ:JD) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of JD.com (NASDAQ:JD) in a research report report published on Thursday, MarketBeat reports. The firm issued a buy rating and a $37.00 target price on the information services provider’s stock.

Several other brokerages also recently weighed in on JD. Citigroup decreased their target price on shares of JD.com from $43.00 to $42.00 and set a buy rating for the company in a research note on Thursday, January 25th. Morgan Stanley reiterated an equal weight rating and issued a $27.00 target price on shares of JD.com in a research note on Thursday, April 18th. Benchmark reaffirmed a buy rating and set a $55.00 price target on shares of JD.com in a report on Tuesday, April 16th. Nomura dropped their price objective on shares of JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of JD.com from $25.00 to $28.00 and gave the stock a hold rating in a research note on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $35.60.

JD.com Trading Up 6.1 %

NASDAQ JD opened at $30.34 on Thursday. JD.com has a 12 month low of $20.82 and a 12 month high of $41.95. The company has a market capitalization of $47.85 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.24 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.90. The firm’s fifty day moving average price is $25.91 and its 200 day moving average price is $25.79.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, topping the consensus estimate of $0.56 by $4.74. The company had revenue of $306.08 billion for the quarter, compared to analyst estimates 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 was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. On average, sell-side analysts expect that JD.com will post 2.85 earnings per share for the current fiscal year.

JD.com Dividend Announcement

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

Institutional Trading of JD.com

Several large investors have recently modified their holdings of JD. Morgan Stanley boosted its stake in shares of JD.com by 15.8% during the third quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider’s stock valued at $270,267,000 after acquiring an additional 1,265,995 shares during the last quarter. FIL Ltd grew its holdings in shares of JD.com by 124.3% during the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after buying an additional 3,441,605 shares in the last quarter. National Bank of Canada FI raised its position in shares of JD.com by 292.4% in the fourth quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock valued at $120,679,000 after buying an additional 3,305,956 shares during the last quarter. Aspex Management HK Ltd purchased a new position in shares of JD.com during the fourth quarter valued at approximately $114,009,000. Finally, Discerene Group LP boosted its position in JD.com by 107.9% during the fourth quarter. Discerene Group LP now owns 3,347,232 shares of the information services provider’s stock worth $96,702,000 after acquiring an additional 1,737,572 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 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.