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

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

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. upped their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday. Benchmark reaffirmed a “buy” rating and issued a $47.00 target price on shares of JD.com in a report on Tuesday. Susquehanna restated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 8th. Finally, Sanford C. Bernstein reduced their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.53.

JD.com Stock Performance

JD opened at $39.98 on Wednesday. The stock has a market cap of $63.05 billion, a PE ratio of 18.26, a P/E/G ratio of 0.65 and a beta of 0.42. JD.com has a 1 year low of $20.82 and a 1 year high of $47.82. The stock’s 50 day simple moving average is $32.48 and its 200-day simple moving average 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 (NASDAQ:JD) last announced its quarterly earnings data 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 net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same quarter in the prior year, the company posted $0.68 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Sell-side analysts forecast that JD.com will post 3.75 EPS for the current year.

Institutional Trading of JD.com

Several institutional investors and hedge funds have recently made changes to their positions in the business. Atlas Capital Advisors LLC bought a new position in JD.com during the 2nd quarter worth approximately $28,000. Allspring Global Investments Holdings LLC raised its stake in JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after buying an additional 1,681 shares during the period. Hexagon Capital Partners LLC bought a new position in JD.com during the first quarter worth about $58,000. Advisors Preferred LLC bought a new stake in shares of JD.com in the first quarter worth about $126,000. Finally, Blue Trust Inc. lifted its holdings in shares of JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after purchasing an additional 2,360 shares in the last quarter. 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.