JD.com (NASDAQ:JD) Given New $55.00 Price Target at JPMorgan Chase & Co.

JD.com (NASDAQ:JD) had its price objective increased by JPMorgan Chase & Co. from $50.00 to $55.00 in a research report sent to investors on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the information services provider’s stock.

Several other equities research analysts also recently weighed in on the company. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Barclays lifted their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Citigroup decreased their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Benchmark lifted their price target on shares of JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.92.

JD.com Stock Down 3.7 %

Shares of JD.com stock opened at $42.29 on Friday. JD.com has a twelve month low of $23.78 and a twelve month high of $47.82. The stock has a market cap of $66.70 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $38.99 and a 200 day moving average price of $36.72.

JD.com Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is a boost from JD.com’s previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. JD.com’s dividend payout ratio is 23.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC lifted its holdings in JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock worth $986,280,000 after acquiring an additional 13,170,649 shares during the last quarter. Appaloosa LP lifted its holdings in shares of JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after purchasing an additional 3,165,885 shares during the last quarter. CoreView Capital Management Ltd boosted its position in JD.com by 204.8% during the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock valued at $221,878,000 after purchasing an additional 4,299,872 shares during the period. Two Sigma Advisers LP grew its stake in JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after buying an additional 4,839,700 shares during the last quarter. Finally, Temasek Holdings Private Ltd increased its position in JD.com by 18.4% in the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider’s stock worth $160,366,000 after buying an additional 718,760 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

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.