JD.com (NASDAQ:JD) Price Target Raised to $33.00

JD.com (NASDAQ:JDFree Report) had its price objective lifted by Mizuho from $32.00 to $33.00 in a research note released on Thursday morning, Benzinga reports. Mizuho currently has a buy rating on the information services provider’s stock.

A number of other research firms have also recently weighed in on JD. StockNews.com cut shares of JD.com from a buy rating to a hold rating in a research note on Thursday, November 16th. Susquehanna lowered their price objective on shares of JD.com from $38.00 to $30.00 and set a neutral rating on the stock in a research note on Monday, November 20th. Citigroup lowered their price objective on shares of JD.com from $43.00 to $42.00 and set a buy rating on the stock in a research note on Thursday, January 25th. Barclays lowered their price objective on shares of JD.com from $45.00 to $35.00 and set an overweight rating on the stock in a research note on Wednesday, January 31st. Finally, Benchmark restated a buy rating and issued a $67.00 target price on shares of JD.com in a report on Thursday, November 16th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, JD.com presently has an average rating of Moderate Buy and an average target price of $39.64.

Read Our Latest Analysis on JD.com

JD.com Stock Down 3.7 %

Shares of JD.com stock opened at $23.99 on Thursday. JD.com has a 52-week low of $20.82 and a 52-week high of $47.41. The company has a 50 day moving average of $23.89 and a 200 day moving average of $27.00. The company has a quick ratio of 1.12, a current ratio of 1.36 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $37.84 billion, a P/E ratio of 11.26, a P/E/G ratio of 0.21 and a beta of 0.52.

JD.com (NASDAQ:JDGet Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, topping the consensus estimate of $0.56 by $4.74. JD.com had a net margin of 2.22% and a return on equity of 10.99%. The business had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. As a group, research analysts forecast that JD.com will post 2.7 EPS for the current fiscal year.

Institutional Trading of JD.com

Several large investors have recently bought and sold shares of JD. E Fund Management Hong Kong Co. Ltd. acquired a new stake in JD.com in the first quarter valued at approximately $81,000. Cetera Investment Advisers grew its position in shares of JD.com by 16.9% during the first quarter. Cetera Investment Advisers now owns 7,776 shares of the information services provider’s stock worth $450,000 after buying an additional 1,125 shares in the last quarter. West Family Investments Inc. acquired a new stake in shares of JD.com during the first quarter worth approximately $340,000. Ergoteles LLC acquired a new stake in shares of JD.com during the first quarter worth approximately $307,000. Finally, Federated Hermes Inc. grew its position in shares of JD.com by 155.4% during the first quarter. Federated Hermes Inc. now owns 1,513,562 shares of the information services provider’s stock worth $87,590,000 after buying an additional 920,886 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

(Get Free Report)

JD.com, Inc provides supply chain-based technologies and services 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.

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