JD.com (NASDAQ:JD) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of JD.com (NASDAQ:JDFree Report) from a buy rating to a hold rating in a research note released on Sunday.

JD has been the topic of several other reports. Barclays dropped their price objective 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. Mizuho upped their price objective 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. HSBC upped their price objective 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. Finally, Citigroup dropped their price objective 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. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $39.64.

View Our Latest Report on JD

JD.com Price Performance

Shares of NASDAQ:JD opened at $27.27 on Friday. The company’s 50-day moving average is $24.60 and its 200 day moving average is $26.16. 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 company has a market capitalization of $43.01 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 0.22 and a beta of 0.54. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $42.44.

JD.com (NASDAQ:JDGet Free Report) last issued its quarterly 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. The company had revenue of $306.08 billion for the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. On average, equities research analysts forecast that JD.com will post 2.85 earnings per share for the current year.

JD.com Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Investors of record on Friday, April 5th will be given a $0.74 dividend. This represents a dividend yield of 2.99%. The ex-dividend date is Thursday, April 4th. JD.com’s dividend payout ratio (DPR) is 28.17%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. grew its position in JD.com by 122.4% during the second quarter. Bessemer Group Inc. now owns 945 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 520 shares during the last quarter. First Manhattan Co. grew its position in JD.com by 32.5% during the fourth quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock valued at $56,000 after acquiring an additional 244 shares during the last quarter. 1832 Asset Management L.P. bought a new position in JD.com during the first quarter valued at approximately $64,000. O Dell Group LLC bought a new position in JD.com during the fourth quarter valued at approximately $40,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in JD.com during the first quarter valued at approximately $81,000. 15.98% of the stock is currently owned by institutional investors.

JD.com Company Profile

(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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Analyst Recommendations for JD.com (NASDAQ:JD)

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