Susquehanna Cuts JD.com (NASDAQ:JD) Price Target to $30.00

JD.com (NASDAQ:JD) had its price objective trimmed by Susquehanna from $32.00 to $30.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the information services provider’s stock.

Other equities research analysts also recently issued reports about the company. Bank of America reaffirmed a “buy” rating and set a $33.00 price target on shares of JD.com in a research note on Thursday, March 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $38.00 price target on shares of JD.com in a research note on Friday, November 14th. HSBC restated a “buy” rating and issued a $37.00 price objective on shares of JD.com in a report on Monday, December 29th. UBS Group reiterated a “buy” rating on shares of JD.com in a research note on Friday, March 6th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $22.00 target price on shares of JD.com in a research report on Thursday, March 5th. Eleven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average price target of $36.36.

JD.com Price Performance

JD opened at $28.11 on Monday. The stock has a fifty day moving average price of $28.22 and a 200 day moving average price of $30.54. 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 $45.75. The stock has a market cap of $40.27 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 8.56 and a beta of 0.41.

JD.com Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, April 29th. Investors of record on Thursday, April 9th will be given a dividend of $1.00 per share. This represents a yield of 396.0%. This is an increase from JD.com’s previous annual dividend of $0.76. The ex-dividend date of this dividend is Thursday, April 9th. JD.com’s payout ratio is presently 55.68%.

Institutional Trading of JD.com

A number of hedge funds have recently bought and sold shares of the stock. Binnacle Investments Inc increased its holdings in shares of JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after purchasing an additional 589 shares during the period. Root Financial Partners LLC lifted its stake in shares of JD.com by 1,020.0% in the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after buying an additional 1,020 shares during the period. Stone House Investment Management LLC bought a new stake in shares of JD.com in the third quarter valued at about $35,000. Assetmark Inc. grew its position in JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after buying an additional 399 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in JD.com by 191.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after buying an additional 815 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

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.