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

JD.com (NASDAQ:JD) had its target price upped by analysts at Mizuho from $43.00 to $50.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the information services provider’s stock. Mizuho’s price objective would suggest a potential upside of 17.35% from the company’s previous close.

A number of other analysts have also recently commented on JD. Citigroup reduced their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price target on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday. Barclays boosted their price objective on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, JD.com has an average rating of “Moderate Buy” and a consensus price target of $43.57.

JD.com Stock Down 3.0 %

Shares of JD stock traded down $1.31 during trading hours on Friday, hitting $42.61. 6,957,543 shares of the company’s stock traded hands, compared to its average volume of 13,203,278. The stock’s fifty day simple moving average is $38.84 and its two-hundred day simple moving average is $36.63. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a market cap of $67.20 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 0.31 and a beta of 0.43. JD.com has a 12-month low of $23.78 and a 12-month high of $47.82.

Hedge Funds Weigh In On JD.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. boosted its position in JD.com by 9.9% in the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock worth $16,012,000 after purchasing an additional 36,096 shares in the last quarter. Maple Rock Capital Partners Inc. increased its stake in shares of JD.com by 5.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after purchasing an additional 200,200 shares in the last quarter. KBC Group NV raised its position in shares of JD.com by 213.4% during the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock worth $12,343,000 after purchasing an additional 242,409 shares during the last quarter. National Bank of Canada FI boosted its holdings in JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in JD.com by 20.4% during the 4th quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider’s stock worth $13,646,000 after buying an additional 66,693 shares in the last quarter. Hedge funds and other 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.