JD.Com (NASDAQ:JD) Price Target Increased to $31.00 by Analysts at Mizuho
JD.Com (NASDAQ:JD) had its target price raised by Mizuho from $28.00 to $31.00 in a research report report published on Wednesday, The Fly reports. The firm currently has a neutral rating on the information services provider’s stock.
Several other equities research analysts have also recently issued reports on JD. JPMorgan Chase & Co. upgraded JD.Com from a neutral rating to an overweight rating and set a $30.55 price objective on the stock in a report on Tuesday, April 30th. Loop Capital started coverage on JD.Com in a report on Monday, June 3rd. They set a buy rating on the stock. Stifel Nicolaus restated a hold rating and set a $35.00 price objective on shares of JD.Com in a report on Tuesday. CICC Research upgraded JD.Com from a hold rating to a buy rating and set a $27.66 price objective on the stock in a report on Monday, May 13th. Finally, BidaskClub cut JD.Com from a buy rating to a hold rating in a report on Thursday, August 1st. Eleven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $33.13.
Shares of JD stock traded up $1.03 during mid-day trading on Wednesday, hitting $30.66. 643,996 shares of the company’s stock were exchanged, compared to its average volume of 11,423,586. JD.Com has a fifty-two week low of $19.21 and a fifty-two week high of $33.60. The company has a 50-day simple moving average of $30.05. The company has a current ratio of 0.83, a quick ratio of 0.49 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $32.70 billion, a PE ratio of -1,020.83 and a beta of 1.42.
A number of institutional investors have recently modified their holdings of the stock. Nuveen Asset Management LLC purchased a new position in JD.Com in the second quarter valued at about $55,511,000. Kings Point Capital Management purchased a new position in JD.Com in the second quarter valued at about $139,000. CSat Investment Advisory L.P. raised its position in JD.Com by 1.1% in the second quarter. CSat Investment Advisory L.P. now owns 79,530 shares of the information services provider’s stock valued at $2,408,000 after purchasing an additional 867 shares during the period. Hillhouse Capital Advisors LTD. raised its position in JD.Com by 4.7% in the second quarter. Hillhouse Capital Advisors LTD. now owns 15,750,469 shares of the information services provider’s stock valued at $477,082,000 after purchasing an additional 709,226 shares during the period. Finally, Point72 Hong Kong Ltd raised its position in JD.Com by 560.9% in the second quarter. Point72 Hong Kong Ltd now owns 999,128 shares of the information services provider’s stock valued at $30,264,000 after purchasing an additional 847,947 shares during the period. Hedge funds and other institutional investors own 48.93% of the company’s stock.
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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