JD.com, Inc. Plans Annual Dividend of $0.74 (NASDAQ:JD)

JD.com, Inc. (NASDAQ:JDGet Free Report) declared an annual dividend on Wednesday, March 6th, Zacks reports. Shareholders of record on Friday, April 5th will be given a dividend of 0.74 per share by the information services provider on Monday, April 29th. This represents a yield of 2.99%. The ex-dividend date is Thursday, April 4th.

JD.com has a dividend payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect JD.com to earn $3.23 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 23.5%.

JD.com Price Performance

JD stock opened at $27.81 on Wednesday. JD.com has a 52-week low of $20.82 and a 52-week high of $43.56. The business has a 50-day simple moving average of $24.51 and a two-hundred day simple moving average of $26.19. The company has a market capitalization of $43.86 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 0.22 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16.

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

Institutional Trading of JD.com

Several institutional investors have recently added to or reduced their stakes in the business. Dodge & Cox boosted its position in JD.com by 18.9% during the fourth quarter. Dodge & Cox now owns 21,944,549 shares of the information services provider’s stock valued at $633,978,000 after buying an additional 3,482,900 shares during the period. Voloridge Investment Management LLC raised its stake in shares of JD.com by 2,693.5% during the fourth quarter. Voloridge Investment Management LLC now owns 6,397,396 shares of the information services provider’s stock valued at $184,821,000 after acquiring an additional 6,168,384 shares during the last quarter. State Street Corp raised its stake in shares of JD.com by 7.6% during the third quarter. State Street Corp now owns 2,582,775 shares of the information services provider’s stock valued at $129,990,000 after acquiring an additional 182,350 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of JD.com during the fourth quarter valued at about $69,306,000. Finally, Steadfast Capital Management LP raised its stake in shares of JD.com by 20.2% during the first quarter. Steadfast Capital Management LP now owns 1,970,017 shares of the information services provider’s stock valued at $86,464,000 after acquiring an additional 330,848 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JD has been the topic of a number of research reports. StockNews.com cut shares of JD.com from a “buy” rating to a “hold” rating in a report on Sunday. Barclays lowered their price target on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. Citigroup lowered their price target on shares of JD.com from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Mizuho lifted their price target on shares of JD.com from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, HSBC boosted their target price on shares of JD.com from $38.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.64.

Get Our Latest Research Report on JD.com

About JD.com

(Get Free Report)

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.

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