86 Research upgraded shares of JD.Com (NASDAQ:JD) from a hold rating to a buy rating in a research report sent to investors on Friday morning, BenzingaRatingsTable reports. They currently have $41.00 target price on the information services provider’s stock, up from their previous target price of $35.00.
A number of other equities research analysts have also issued reports on the company. Credit Suisse Group reissued an outperform rating on shares of JD.Com in a research note on Wednesday, July 17th. Mizuho raised their price target on JD.Com from $28.00 to $31.00 and gave the stock a neutral rating in a research note on Wednesday, August 14th. Barclays started coverage on JD.Com in a research note on Monday, August 19th. They set an equal weight rating and a $36.00 price target for the company. Benchmark reissued a buy rating and set a $40.00 price target (up from $36.00) on shares of JD.Com in a research note on Wednesday, August 14th. Finally, ValuEngine lowered JD.Com from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. JD.Com currently has a consensus rating of Buy and an average price target of $33.40.
Shares of JD.Com stock traded up $1.13 on Friday, reaching $29.71. The company had a trading volume of 16,959,220 shares, compared to its average volume of 10,989,934. The firm has a market cap of $41.40 billion, a price-to-earnings ratio of -990.33 and a beta of 1.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.91 and a quick ratio of 0.58. The firm’s 50-day moving average price is $29.87 and its two-hundred day moving average price is $29.42. JD.Com has a 1 year low of $19.21 and a 1 year high of $32.38.
Hedge funds and other institutional investors have recently modified their holdings of the business. CWM Advisors LLC raised its position in shares of JD.Com by 2.5% in the 2nd quarter. CWM Advisors LLC now owns 16,930 shares of the information services provider’s stock worth $513,000 after acquiring an additional 407 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of JD.Com by 1.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 31,397 shares of the information services provider’s stock worth $951,000 after acquiring an additional 420 shares in the last quarter. Signaturefd LLC raised its position in shares of JD.Com by 11.8% in the 2nd quarter. Signaturefd LLC now owns 4,397 shares of the information services provider’s stock worth $133,000 after acquiring an additional 465 shares in the last quarter. Schnieders Capital Management LLC raised its position in shares of JD.Com by 7.4% in the 2nd quarter. Schnieders Capital Management LLC now owns 8,750 shares of the information services provider’s stock worth $265,000 after acquiring an additional 600 shares in the last quarter. Finally, MML Investors Services LLC raised its position in shares of JD.Com by 2.1% in the 1st quarter. MML Investors Services LLC now owns 30,419 shares of the information services provider’s stock worth $917,000 after acquiring an additional 636 shares in the last quarter. 40.12% of the stock is owned by institutional investors and hedge funds.
JD.Com Company Profile
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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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