Barclays Increases JD.com (NASDAQ:JD) Price Target to $50.00

JD.com (NASDAQ:JD) had its price objective raised by Barclays from $40.00 to $50.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has an overweight rating on the information services provider’s stock.

A number of other equities research analysts have also recently issued reports on JD. JPMorgan Chase & Co. upped their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday. Susquehanna reaffirmed a “neutral” rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research report on Tuesday. Sanford C. Bernstein cut their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Finally, Loop Capital reduced their price target on JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a report on Friday, June 21st. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.53.

JD.com Stock Up 2.9 %

Shares of JD stock opened at $39.98 on Wednesday. The firm’s fifty day moving average price is $32.48 and its two-hundred day moving average price is $29.83. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. JD.com has a 1 year low of $20.82 and a 1 year high of $47.82. The firm has a market capitalization of $63.05 billion, a P/E ratio of 18.26, a PEG ratio of 0.65 and a beta of 0.42.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. JD.com’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts predict that JD.com will post 3.75 EPS for the current fiscal year.

Institutional Investors Weigh In On JD.com

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Panagora Asset Management Inc. raised its position in shares of JD.com by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock valued at $676,000 after buying an additional 719 shares in the last quarter. Texas Yale Capital Corp. raised its holdings in JD.com by 5.8% in the 1st quarter. Texas Yale Capital Corp. now owns 13,968 shares of the information services provider’s stock valued at $383,000 after acquiring an additional 760 shares in the last quarter. Henry James International Management Inc. lifted its position in shares of JD.com by 3.6% during the 1st quarter. Henry James International Management Inc. now owns 22,866 shares of the information services provider’s stock valued at $626,000 after acquiring an additional 786 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of JD.com by 4.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock worth $447,000 after purchasing an additional 797 shares in the last quarter. Finally, Wallace Advisory Group LLC grew its holdings in shares of JD.com by 3.2% during the 1st quarter. Wallace Advisory Group LLC now owns 26,717 shares of the information services provider’s stock worth $772,000 after purchasing an additional 840 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider 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.