JD.com (NASDAQ:JD) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of JD.com (NASDAQ:JD) from a buy rating to a hold rating in a report released on Monday morning.

A number of other research firms have also recently weighed in on JD. Benchmark reiterated a buy rating and issued a $55.00 target price on shares of JD.com in a research note on Tuesday, April 16th. Barclays reduced their price objective on JD.com from $45.00 to $35.00 and set an overweight rating for the company in a report on Wednesday, January 31st. Mizuho upped their price target on JD.com from $32.00 to $33.00 and gave the company a buy rating in a research report on Thursday, March 7th. HSBC increased their price target on JD.com from $38.00 to $39.00 and gave the stock a buy rating in a research note on Thursday, March 7th. Finally, Susquehanna dropped their price objective on shares of JD.com from $30.00 to $28.00 and set a neutral rating on the stock in a report on Friday, April 5th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $36.33.

JD.com Stock Performance

Shares of JD opened at $34.27 on Monday. JD.com has a 52 week low of $20.82 and a 52 week high of $41.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16. The stock has a 50 day moving average price of $28.36 and a two-hundred day moving average price of $26.40. The firm has a market capitalization of $54.05 billion, a P/E ratio of 16.09, a P/E/G ratio of 0.27 and a beta of 0.51.

JD.com (NASDAQ:JD) last posted its earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $4.74. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The firm had revenue of $306.08 billion during the quarter, compared to analyst estimates of $300.21 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Equities analysts forecast that JD.com will post 2.85 earnings per share for the current fiscal year.

JD.com Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, April 29th. Investors of record on Friday, April 5th were issued a dividend of $0.74 per share. The ex-dividend date was Thursday, April 4th. This represents a yield of 2.99%. JD.com’s dividend payout ratio is currently 34.74%.

Institutional Trading of JD.com

Large investors have recently modified their holdings of the business. China Universal Asset Management Co. Ltd. raised its holdings in JD.com by 146.3% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider’s stock worth $51,000 after purchasing an additional 1,042 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after buying an additional 1,681 shares in the last quarter. Mizuho Securities Co. Ltd. lifted its holdings in JD.com by 468.8% in the third quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock worth $53,000 after buying an additional 1,500 shares during the period. Hexagon Capital Partners LLC bought a new stake in JD.com during the 1st quarter valued at approximately $58,000. Finally, Spire Wealth Management grew its holdings in shares of JD.com by 81.3% during the 3rd quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock worth $63,000 after acquiring an additional 971 shares during the period. 15.98% of the stock is owned by institutional investors.

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.