Analysts Set JD.com, Inc. (NASDAQ:JD) Price Target at $37.38

Shares of JD.com, Inc. (NASDAQ:JD) have earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $37.3846.

Several research analysts have recently commented on JD shares. Susquehanna dropped their price target on shares of JD.com from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, March 9th. Sanford C. Bernstein increased their price target on shares of JD.com from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Wall Street Zen raised JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Finally, Bank of America reaffirmed a “buy” rating and issued a $33.00 price target on shares of JD.com in a research report on Thursday, March 5th.

JD.com Trading Down 1.2%

NASDAQ JD opened at $29.68 on Wednesday. The company has a market capitalization of $42.52 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 8.26 and a beta of 0.41. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. JD.com has a 1-year low of $24.51 and a 1-year high of $38.08. The firm’s fifty day simple moving average is $28.65 and its 200-day simple moving average is $29.41.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Saturday, February 14th. The information services provider reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $50.35 billion during the quarter. JD.com had a return on equity of 7.56% and a net margin of 1.48%. As a group, sell-side analysts anticipate that JD.com will post 2.66 earnings per share for the current fiscal year.

JD.com Increases Dividend

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

Hedge Funds Weigh In On JD.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JD. Dodge & Cox lifted its position in JD.com by 0.5% during the 3rd quarter. Dodge & Cox now owns 18,792,249 shares of the information services provider’s stock worth $657,353,000 after acquiring an additional 86,300 shares during the last quarter. SIH Partners LLLP lifted its position in JD.com by 74.1% during the 4th quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock worth $143,255,000 after acquiring an additional 2,125,212 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in JD.com by 11.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,441,095 shares of the information services provider’s stock valued at $127,459,000 after buying an additional 463,033 shares during the last quarter. SG Americas Securities LLC grew its holdings in JD.com by 139.0% in the 1st quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock valued at $128,181,000 after buying an additional 2,521,045 shares during the last quarter. Finally, North of South Capital LLP grew its holdings in JD.com by 4.4% in the 4th quarter. North of South Capital LLP now owns 4,253,012 shares of the information services provider’s stock valued at $122,061,000 after buying an additional 180,081 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

About JD.com

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.