JD.com, Inc. (JD) To Go Ex-Dividend on April 4th

JD.com, Inc. (NASDAQ:JD) declared an annual dividend on Wednesday, March 6th, Zacks reports. Shareholders of record on Friday, April 5th will be paid a dividend of 0.74 per share by the information services provider on Monday, April 29th. This represents a yield of 2.99%. The ex-dividend date of this dividend is Thursday, April 4th.

JD.com has a dividend payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect JD.com to earn $3.23 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 23.5%.

JD.com Stock Up 1.4 %

Shares of NASDAQ JD opened at $27.76 on Tuesday. JD.com has a 12-month low of $20.82 and a 12-month high of $43.56. The firm’s 50-day simple moving average is $24.39 and its 200 day simple moving average is $26.21. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. The company has a market cap of $43.78 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.22 and a beta of 0.54.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $4.74. The firm had revenue of $306.08 billion for the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. On average, research analysts expect that JD.com will post 2.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JD. 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 report on Thursday, January 25th. Mizuho upped their price target on JD.com from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. StockNews.com lowered shares of JD.com from a “buy” rating to a “hold” rating in a research note on Sunday. HSBC increased their target price on shares of JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, Barclays decreased their price target on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.64.

Institutional Investors Weigh In On JD.com

Several large investors have recently made changes to their positions in JD. Dodge & Cox lifted its stake in JD.com by 18.9% in the 4th quarter. Dodge & Cox now owns 21,944,549 shares of the information services provider’s stock valued at $633,978,000 after purchasing an additional 3,482,900 shares during the last quarter. Voloridge Investment Management LLC lifted its position in shares of JD.com by 2,693.5% in the fourth quarter. Voloridge Investment Management LLC now owns 6,397,396 shares of the information services provider’s stock valued at $184,821,000 after buying an additional 6,168,384 shares during the last quarter. State Street Corp boosted its stake in shares of JD.com by 7.6% during the 3rd quarter. State Street Corp now owns 2,582,775 shares of the information services provider’s stock worth $129,990,000 after acquiring an additional 182,350 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of JD.com during the 4th quarter worth approximately $69,306,000. Finally, Steadfast Capital Management LP raised its stake in JD.com by 20.2% in the 1st quarter. Steadfast Capital Management LP now owns 1,970,017 shares of the information services provider’s stock valued at $86,464,000 after acquiring an additional 330,848 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

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.