JD.com (NASDAQ:JD) Price Target Raised to $55.00

JD.com (NASDAQ:JD) had its target price lifted by Barclays from $50.00 to $55.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the information services provider’s stock.

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

JD.com Trading Down 1.5 %

Shares of JD stock opened at $41.90 on Friday. The stock has a market cap of $66.08 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com has a fifty-two week low of $21.18 and a fifty-two week high of $47.82. The firm’s 50 day moving average price is $38.37 and its two-hundred day moving average price is $36.21.

Institutional Trading of JD.com

Several institutional investors have recently added to or reduced their stakes in JD. Richardson Financial Services Inc. bought a new stake in JD.com during the fourth quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in shares of JD.com during the fourth quarter worth $34,000. Nisa Investment Advisors LLC raised its holdings in shares of JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the period. Modus Advisors LLC acquired a new stake in shares of JD.com during the fourth quarter worth $41,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after purchasing an additional 684 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

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.