JD.com, Inc. (NASDAQ:JD) Announces $1.26 Dividend
JD.com, Inc. (NASDAQ: J.D. – Get a rating) announced a — dividend on Tuesday, May 10, the wall street journal reports. Shareholders of record on Friday, May 20 will receive a dividend of 1.26 per share from the information services provider on Tuesday, June 14. The ex-dividend date is Thursday, May 19.
Shares of NASDAQ JD traded up $0.61 in midday trading on Tuesday, hitting $51.65. The company had a trading volume of 18,335,516 shares, compared to an average volume of 14,269,769. The stock has a fifty-day moving average of $58.69 and a two-hundred-day moving average of 69.99. $. The company has a debt ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market capitalization of $69.61 billion, a price-earnings ratio of -135.95 and a beta of 0.57. JD.com has a 12-month low of $41.56 and a 12-month high of $92.69.
JD.com (NASDAQ: J.D. – Get a rating) last released its quarterly earnings data on Thursday, March 10. The information services provider reported earnings per share of $0.09 for the quarter, missing the consensus estimate of $0.10 per ($0.01). The company posted revenue of $275.91 billion for the quarter, versus a consensus estimate of $273.82 billion. JD.com posted a negative net margin of 0.39% and a positive return on equity of 3.92%. JD.com’s revenues increased 23.0% compared to the same quarter last year. During the same period of the previous year, the company posted an EPS of $0.09. Sell-side analysts expect JD.com to post earnings per share of 1.24 for the current fiscal year.
A number of large investors have been buying and selling stocks recently. Parametric Portfolio Associates LLC increased its position in JD.com by 2.3% in the fourth quarter. Parametric Portfolio Associates LLC now owns 467,972 shares of the information services provider worth $32,791,000 after purchasing an additional 10,372 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings of JD.com stock by 61.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 110,662 shares of the information services provider worth $7,754,000 after buying an additional 42,272 shares last quarter. OLD Mission Capital LLC acquired a new stake in JD.com stock during the third quarter worth approximately $8,565,000. Norges Bank acquired a new stake in JD.com stock during the fourth quarter worth approximately $3,661,000. Finally, MML Investors Services LLC increased its equity stake in JD.com by 1.7% during the fourth quarter. MML Investors Services LLC now owns 19,520 shares of the information services provider worth $1,368,000 after buying 331 additional shares last quarter. 31.57% of the shares are held by hedge funds and other institutional investors.
Several equity analysts have recently weighed in on JD shares. Citigroup cut its price target on JD.com shares from $109.00 to $99.00 and set a “buy” rating on the stock in a Friday, March 11 research report. TheStreet downgraded shares of JD.com from a “b-” rating to a “c” rating in a Monday, March 14 research report. Stifel Nicolaus lowered his price target on JD.com from $110.00 to $95.00 in a Wednesday, January 26 report. Mizuho lowered its price target on JD.com shares from $100.00 to $90.00 in a Monday, May 2 research report. Finally, Atlantic Securities began covering JD.com shares in a research report on Tuesday, January 11. They issued an “overweight” rating and a price target of $100.00 on the stock. Three research analysts rated the stock with a sell rating, three gave the company a hold rating, eleven issued a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $95.87.
About JD.com (Get a rating)
JD.com, Inc provides supply chain-based technologies and services in the People’s Republic of China. It operates through three segments: JD Retail, JD Logistics and New Businesses. The company offers computers, communication and consumer electronics products, as well as home appliances; and general merchandise including food, beverages and fresh produce, baby and maternity products, furniture and housewares, cosmetics and other personal care items, pharmaceutical and health products, books , automotive accessories, clothing and footwear, bags and jewelry.
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