Barclays Cuts JD.com (NASDAQ:JD) Price Target to $34.00

JD.com (NASDAQ:JD) had its price objective cut by Barclays from $41.00 to $34.00 in a research note released on Monday,Benzinga reports. They currently have an overweight rating on the information services provider’s stock.

A number of other research firms have also weighed in on JD. Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Benchmark reissued a “buy” rating on shares of JD.com in a report on Friday, March 6th. Citigroup lowered their price objective on JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, January 2nd. Nomura lifted their target price on JD.com from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Monday. Finally, Susquehanna decreased their price target on JD.com from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Monday. Eleven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.36.

JD.com Stock Up 1.4%

JD.com stock opened at $28.11 on Monday. The firm has a market capitalization of $40.27 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 8.56 and a beta of 0.41. The firm’s fifty day moving average price is $28.22 and its two-hundred day moving average price is $30.54. JD.com has a 1-year low of $24.51 and a 1-year high of $45.75. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

JD.com Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Thursday, April 9th will be paid a dividend of $1.00 per share. This represents a dividend yield of 396.0%. The ex-dividend date is Thursday, April 9th. This is an increase from JD.com’s previous annual dividend of $0.76. JD.com’s dividend payout ratio (DPR) is 55.68%.

Hedge Funds Weigh In On JD.com

Institutional investors have recently bought and sold shares of the company. SIH Partners LLLP grew its holdings in JD.com by 74.1% during the fourth quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock valued at $143,255,000 after purchasing an additional 2,125,212 shares during the period. Marshall Wace LLP raised its stake in shares of JD.com by 48.9% in the second quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock valued at $174,166,000 after buying an additional 1,753,236 shares during the period. Evergreen Capital Management LLC bought a new stake in shares of JD.com in the third quarter valued at $51,741,000. Crake Asset Management LLP purchased a new position in shares of JD.com during the 2nd quarter valued at $41,975,000. Finally, Syquant Capital Sas purchased a new position in shares of JD.com during the 4th quarter valued at $35,323,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

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.