UBS Group set a $28.00 target price on JD.Com (NASDAQ:JD) in a research note issued to investors on Friday, The Fly reports. The brokerage currently has a buy rating on the information services provider’s stock.
Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of JD.Com from a hold rating to a buy rating and set a $27.00 price objective on the stock in a research note on Thursday, September 27th. MKM Partners lowered their price objective on shares of JD.Com to $41.00 and set a buy rating on the stock in a research note on Monday, September 24th. CLSA cut shares of JD.Com from an outperform rating to an underperform rating and set a $29.00 price objective on the stock. in a research note on Thursday, September 20th. Morgan Stanley reaffirmed a hold rating and issued a $25.00 price objective on shares of JD.Com in a research note on Monday, September 17th. Finally, Susquehanna Bancshares started coverage on shares of JD.Com in a research note on Friday, September 7th. They issued a neutral rating and a $30.00 price objective on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $39.16.
Shares of JD traded up $0.97 during mid-day trading on Friday, hitting $24.45. The company’s stock had a trading volume of 20,189,141 shares, compared to its average volume of 15,541,153. The stock has a market capitalization of $31.41 billion, a P/E ratio of 2,445.00 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.66. JD.Com has a fifty-two week low of $22.50 and a fifty-two week high of $50.68.
Several institutional investors have recently added to or reduced their stakes in JD. FNY Investment Advisers LLC acquired a new stake in shares of JD.Com during the second quarter worth approximately $323,000. Scopia Capital Management LP boosted its holdings in shares of JD.Com by 7.6% during the second quarter. Scopia Capital Management LP now owns 5,049,272 shares of the information services provider’s stock worth $196,669,000 after purchasing an additional 358,042 shares during the period. Torch Wealth Management LLC acquired a new stake in shares of JD.Com during the second quarter worth approximately $277,000. East Coast Asset Management LLC. boosted its holdings in shares of JD.Com by 32.7% during the second quarter. East Coast Asset Management LLC. now owns 440,105 shares of the information services provider’s stock worth $17,142,000 after purchasing an additional 108,459 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of JD.Com by 95.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 29,869 shares of the information services provider’s stock worth $1,163,000 after purchasing an additional 14,591 shares during the period. 51.17% of the stock is currently owned by institutional investors and hedge funds.
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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