Analysts Set JD.com, Inc. (NASDAQ:JD) Target Price at $36.36

Shares of JD.com, Inc. (NASDAQ:JD) have been given an average rating of “Moderate Buy” by the sixteen analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $36.3571.

Several research firms recently weighed in on JD. Sanford C. Bernstein reissued an “outperform” rating and set a $38.00 price target on shares of JD.com in a research report on Friday, November 14th. Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. HSBC reiterated a “buy” rating and issued a $37.00 target price on shares of JD.com in a report on Monday, December 29th. Susquehanna reduced their price target on shares of JD.com from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Bank of America restated a “buy” rating and set a $33.00 price target on shares of JD.com in a report on Thursday, March 5th.

JD.com Price Performance

JD opened at $27.94 on Tuesday. The firm has a market capitalization of $40.03 billion, a P/E ratio of 15.88, a PEG ratio of 8.68 and a beta of 0.41. The stock has a fifty day moving average of $28.20 and a 200-day moving average of $30.52. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of 0.21. JD.com has a 12-month low of $24.51 and a 12-month high of $45.75.

JD.com Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Thursday, April 9th will be given a $1.00 dividend. This represents a yield of 396.0%. The ex-dividend date is Thursday, April 9th. This is a positive change from JD.com’s previous annual dividend of $0.76. JD.com’s payout ratio is currently 55.68%.

Hedge Funds Weigh In On JD.com

Several institutional investors and hedge funds have recently modified their holdings of the stock. Larry Mathis Financial Planning LLC purchased a new stake in shares of JD.com during the fourth quarter worth $205,000. PeakShares LLC purchased a new position in JD.com in the fourth quarter valued at about $100,000. Flax Pond Capital LLC purchased a new position in JD.com in the fourth quarter valued at about $2,409,000. Corient Private Wealth LLC increased its position in JD.com by 158.4% in the 4th quarter. Corient Private Wealth LLC now owns 81,127 shares of the information services provider’s stock worth $2,328,000 after purchasing an additional 49,735 shares during the last quarter. Finally, Wahed Invest LLC increased its position in JD.com by 6.9% in the 4th quarter. Wahed Invest LLC now owns 27,638 shares of the information services provider’s stock worth $793,000 after purchasing an additional 1,776 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.