JD.com (NASDAQ:JD) Upgraded to “Outperform” at Macquarie

Macquarie upgraded shares of JD.com (NASDAQ:JDFree Report) from a neutral rating to an outperform rating in a report released on Friday, MarketBeat reports. The firm currently has $40.00 target price on the information services provider’s stock, up from their previous target price of $26.00.

A number of other research analysts also recently weighed in on the company. Susquehanna cut their price objective on JD.com from $30.00 to $28.00 and set a neutral rating on the stock in a research note on Friday, April 5th. Morgan Stanley reissued an equal weight rating and issued a $27.00 price target on shares of JD.com in a research report on Thursday, April 18th. Benchmark reaffirmed a buy rating and set a $55.00 price objective on shares of JD.com in a report on Tuesday, April 16th. HSBC lifted their target price on shares of JD.com from $38.00 to $39.00 and gave the stock a buy rating in a report on Thursday, March 7th. Finally, Loop Capital upped their price target on shares of JD.com from $26.00 to $35.00 and gave the company a hold rating in a report on Monday, May 13th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $37.47.

Check Out Our Latest Report on JD.com

JD.com Price Performance

NASDAQ JD opened at $35.27 on Friday. The company has a 50 day moving average price of $28.57 and a two-hundred day moving average price of $26.48. JD.com has a 12-month low of $20.82 and a 12-month high of $41.95. The stock has a market capitalization of $55.62 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.28 and a beta of 0.51. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14.

JD.com (NASDAQ:JDGet Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $4.74. JD.com had a net margin of 2.26% and a return on equity of 11.38%. The firm had revenue of $306.08 billion during the quarter, compared to analysts’ expectations of $300.21 billion. During the same period in the prior year, the company posted $0.54 earnings per share. JD.com’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities analysts predict that JD.com will post 2.85 earnings per share for the current fiscal year.

JD.com Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, April 29th. Shareholders of record on Friday, April 5th were given a $0.74 dividend. The ex-dividend date was Thursday, April 4th. This represents a dividend yield of 2.99%. JD.com’s dividend payout ratio is currently 33.79%.

Institutional Investors Weigh In On JD.com

A number of institutional investors have recently bought and sold shares of JD. Wahed Invest LLC boosted its holdings in JD.com by 34.0% during the first quarter. Wahed Invest LLC now owns 44,096 shares of the information services provider’s stock valued at $1,208,000 after purchasing an additional 11,178 shares in the last quarter. Tidal Investments LLC bought a new position in shares of JD.com during the 1st quarter worth approximately $849,000. Lazard Asset Management LLC boosted its stake in JD.com by 30.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after buying an additional 1,368,356 shares in the last quarter. Quadrature Capital Ltd grew its position in JD.com by 93.4% in the first quarter. Quadrature Capital Ltd now owns 446,974 shares of the information services provider’s stock valued at $12,234,000 after acquiring an additional 215,815 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in JD.com by 9.8% during the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after acquiring an additional 129,763 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

About JD.com

(Get Free Report)

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.

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Analyst Recommendations for JD.com (NASDAQ:JD)

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