JD.com (NASDAQ:JD) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of JD.com (NASDAQ:JD) from a sell rating to a hold rating in a report issued on Saturday.

Several other equities research analysts have also weighed in on the company. Sanford C. Bernstein boosted their target price on JD.com from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday. Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Morgan Stanley boosted their target price on JD.com from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday. Bank of America restated a “buy” rating and issued a $33.00 target price on shares of JD.com in a report on Thursday, March 5th. Finally, HSBC restated a “buy” rating and issued a $37.00 target price on shares of JD.com in a report on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.21.

JD.com Stock Up 0.9%

JD opened at $31.60 on Friday. The business has a 50 day moving average price of $28.13 and a 200 day moving average price of $29.74. JD.com has a twelve month low of $24.51 and a twelve month high of $38.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.22. The firm has a market cap of $45.27 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 8.91 and a beta of 0.36.

JD.com (NASDAQ:JD) last posted its earnings results on Saturday, February 14th. The information services provider reported $0.04 earnings per share for the quarter. JD.com had a return on equity of 7.56% and a net margin of 1.48%.The firm had revenue of $50.35 billion during the quarter. Research analysts forecast that JD.com will post 3.91 EPS for the current year.

JD.com Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Thursday, April 9th will be issued a dividend of $1.00 per share. This represents a dividend yield of 353.0%. This is a boost from JD.com’s previous annual dividend of $0.76. The ex-dividend date is Thursday, April 9th. JD.com’s dividend payout ratio is presently 55.68%.

Institutional Investors Weigh In On JD.com

Several hedge funds have recently made changes to their positions in the stock. FengHe Fund Management Pte. Ltd. lifted its position in shares of JD.com by 106.7% in the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 215,000 shares of the information services provider’s stock worth $7,521,000 after acquiring an additional 111,000 shares during the period. Aurora Investment Managers LLC. raised its stake in shares of JD.com by 24.6% in the third quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock valued at $9,427,000 after purchasing an additional 53,223 shares in the last quarter. Patient Capital Management LLC raised its stake in shares of JD.com by 6.8% in the third quarter. Patient Capital Management LLC now owns 842,937 shares of the information services provider’s stock valued at $29,486,000 after purchasing an additional 53,810 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of JD.com by 148.4% in the second quarter. Osaic Holdings Inc. now owns 261,269 shares of the information services provider’s stock valued at $9,392,000 after purchasing an additional 156,069 shares in the last quarter. Finally, Todd Asset Management LLC raised its stake in shares of JD.com by 8.3% in the third quarter. Todd Asset Management LLC now owns 1,116,629 shares of the information services provider’s stock valued at $39,060,000 after purchasing an additional 85,331 shares in the last quarter. 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.