JD.com (NASDAQ:JD) Shares Down 2.3%

JD.com, Inc. (NASDAQ:JD)’s share price dropped 2.3% during trading on Friday . The company traded as low as $24.83 and last traded at $24.88. Approximately 1,561,944 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 14,514,790 shares. The stock had previously closed at $25.46.

Analysts Set New Price Targets

JD has been the subject of a number of research reports. HSBC lifted their price objective 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. Citigroup reduced their price target on shares of JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Mizuho boosted their price target on shares of JD.com from $32.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Nomura reduced their price target on shares of JD.com from $36.00 to $33.00 in a report on Friday, April 5th. Finally, StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.67.

JD.com Stock Down 1.9 %

The stock has a market cap of $39.38 billion, a P/E ratio of 11.95, a PEG ratio of 0.20 and a beta of 0.54. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $25.33 and a 200-day simple moving average of $25.90.

JD.com (NASDAQ:JD) last announced its earnings results 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. The firm had revenue of $306.08 billion during the quarter, compared to analysts’ expectations of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Analysts expect that JD.com, Inc. will post 2.85 EPS for the current year.

JD.com Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, April 5th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 2.99%. JD.com’s dividend payout ratio (DPR) is presently 34.74%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Nordea Investment Management AB raised its stake in shares of JD.com by 10.8% in the fourth quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider’s stock valued at $12,734,000 after purchasing an additional 43,175 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of JD.com in the third quarter valued at $8,566,000. Platinum Investment Management Ltd. raised its stake in shares of JD.com by 12.8% in the third quarter. Platinum Investment Management Ltd. now owns 547,343 shares of the information services provider’s stock valued at $15,944,000 after purchasing an additional 62,129 shares in the last quarter. Oaktree Capital Management LP raised its stake in JD.com by 68.7% during the third quarter. Oaktree Capital Management LP now owns 1,706,910 shares of the information services provider’s stock worth $49,722,000 after acquiring an additional 695,180 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in JD.com by 40.4% during the fourth quarter. SG Americas Securities LLC now owns 738,999 shares of the information services provider’s stock worth $21,350,000 after acquiring an additional 212,616 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.