Benchmark Reiterates Buy Rating for JD.com (NASDAQ:JD)

Benchmark reiterated their buy rating on shares of JD.com (NASDAQ:JD) in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has a $55.00 target price on the information services provider’s stock.

JD has been the subject of a number of other research reports. Mizuho boosted their price objective on shares of JD.com from $32.00 to $33.00 and gave the company a buy rating in a research report on Thursday, March 7th. Citigroup reduced their price target on JD.com from $43.00 to $42.00 and set a buy rating on the stock in a research note on Thursday, January 25th. JPMorgan Chase & Co. raised their price objective on JD.com from $25.00 to $28.00 and gave the stock a hold rating in a report on Friday, April 5th. Nomura dropped their target price on JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Finally, HSBC increased their target price on JD.com from $38.00 to $39.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $36.67.

JD.com Stock Performance

JD.com stock opened at $25.46 on Tuesday. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $41.95. The company has a market capitalization of $40.15 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.20 and a beta of 0.54. The stock has a fifty day moving average of $25.33 and a two-hundred day moving average of $25.90. 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:JD) last posted its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, beating 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 business had revenue of $306.08 billion for the quarter, compared to analyst estimates of $300.21 billion. During the same quarter last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts anticipate that JD.com will post 2.85 EPS for the current fiscal year.

JD.com Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, April 5th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 2.99%. JD.com’s dividend payout ratio (DPR) is 34.74%.

Hedge Funds Weigh In On JD.com

Several hedge funds and other institutional investors have recently made changes to their positions in JD. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of JD.com during the first quarter valued at approximately $81,000. Cetera Investment Advisers grew its holdings in JD.com by 16.9% during the 1st quarter. Cetera Investment Advisers now owns 7,776 shares of the information services provider’s stock valued at $450,000 after purchasing an additional 1,125 shares in the last quarter. West Family Investments Inc. purchased a new stake in JD.com during the 1st quarter worth $340,000. Ergoteles LLC acquired a new position in JD.com in the 1st quarter worth $307,000. Finally, Federated Hermes Inc. boosted its position in JD.com by 155.4% in the 1st quarter. Federated Hermes Inc. now owns 1,513,562 shares of the information services provider’s stock valued at $87,590,000 after buying an additional 920,886 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

About JD.com

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.