JD.com (NASDAQ:JD) Stock Price Expected to Rise, Barclays Analyst Says

JD.com (NASDAQ:JD) had its price target increased by equities research analysts at Barclays from $50.00 to $55.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the information services provider’s stock. Barclays‘s price objective points to a potential upside of 31.26% from the company’s previous close.

Several other analysts have also issued reports on the stock. Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Citigroup cut their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.71.

JD.com Stock Performance

Shares of JD stock traded down $0.64 on Friday, hitting $41.90. 9,700,285 shares of the stock were exchanged, compared to its average volume of 12,344,688. JD.com has a one year low of $21.18 and a one year high of $47.82. The firm’s 50 day moving average is $38.25 and its two-hundred day moving average is $36.10. The firm has a market capitalization of $66.08 billion, a PE ratio of 13.26, a P/E/G ratio of 0.31 and a beta of 0.40. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On JD.com

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock valued at $986,280,000 after buying an additional 13,170,649 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after acquiring an additional 4,839,700 shares in the last quarter. CoreView Capital Management Ltd lifted its holdings in shares of JD.com by 204.8% in the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock worth $221,878,000 after acquiring an additional 4,299,872 shares during the last quarter. Appaloosa LP boosted its stake in shares of JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock valued at $362,852,000 after purchasing an additional 3,165,885 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new position in JD.com in the 4th quarter worth $109,665,000. Institutional investors own 15.98% of the company’s stock.

About JD.com

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.