JD.com (NASDAQ:JD) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of JD.com (NASDAQ:JDFree Report) from a hold rating to a sell rating in a research note published on Saturday.

JD has been the topic of several other research reports. Bank of America reiterated a “buy” rating and issued a $33.00 price target on shares of JD.com in a research note on Thursday. Susquehanna restated a “neutral” rating on shares of JD.com in a research report on Monday, November 24th. Benchmark reaffirmed a “buy” rating on shares of JD.com in a research note on Friday. HSBC reiterated a “buy” rating and issued a $37.00 target price on shares of JD.com in a research report on Monday, December 29th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $38.00 target price on shares of JD.com in a research note on Friday, November 14th. Eleven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.36.

Read Our Latest Research Report on JD

JD.com Stock Up 1.6%

Shares of JD opened at $27.47 on Friday. The firm has a 50 day simple moving average of $28.25 and a two-hundred day simple moving average of $30.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.22 and a quick ratio of 0.91. JD.com has a one year low of $24.51 and a one year high of $45.75. The company has a market cap of $39.35 billion, a P/E ratio of 15.61, a P/E/G ratio of 8.34 and a beta of 0.41.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Thursday, April 9th will be paid a $1.00 dividend. This represents a dividend yield of 396.0%. The ex-dividend date is Thursday, April 9th. This is a positive change from JD.com’s previous annual dividend of $0.76. JD.com’s dividend payout ratio is currently 55.68%.

Institutional Investors Weigh In On JD.com

A number of hedge funds and other institutional investors have recently bought and sold shares of JD. Binnacle Investments Inc increased its holdings in JD.com by 365.8% in 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 in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of JD.com during the third quarter valued at about $35,000. Assetmark Inc. grew its holdings in shares of 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 purchasing an additional 399 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of JD.com by 1,020.0% during the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its stake in shares of JD.com by 657.9% in the third quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock valued at $40,000 after buying an additional 1,000 shares during the period. Institutional investors own 15.98% of the company’s stock.

Trending Headlines about JD.com

Here are the key news stories impacting JD.com this week:

JD.com Company Profile

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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.

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Analyst Recommendations for JD.com (NASDAQ:JD)

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