JD.com (NASDAQ:JD) Stock Price Expected to Rise, Susquehanna Analyst Says

JD.com (NASDAQ:JDGet Free Report) had its target price hoisted by stock analysts at Susquehanna from $30.00 to $35.00 in a report released on Thursday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the information services provider’s stock. Susquehanna’s target price suggests a potential upside of 9.34% from the stock’s current price.

Other analysts have also recently issued reports about the company. Bank of America reaffirmed a “buy” rating and set a $33.00 price objective on shares of JD.com in a report on Thursday, March 5th. Nomura upped their price objective on JD.com from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Citigroup boosted their target price on JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. UBS Group reissued a “buy” rating on shares of JD.com in a research report on Friday, March 6th. Finally, Arete Research set a $37.00 target price on JD.com in a research report on Friday, April 17th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.77.

Read Our Latest Stock Report on JD.com

JD.com Stock Down 2.6%

Shares of JD opened at $32.01 on Thursday. The stock has a market capitalization of $45.86 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 9.03 and a beta of 0.41. JD.com has a 1 year low of $24.51 and a 1 year high of $36.86. The business’s 50 day simple moving average is $29.42 and its 200-day simple moving average is $29.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.91.

JD.com (NASDAQ:JDGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $45.79 billion for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%. As a group, equities analysts expect that JD.com will post 2.66 earnings per share for the current fiscal year.

Institutional Trading of JD.com

Institutional investors have recently added to or reduced their stakes in the company. Aurora Investment Managers LLC. grew its position in JD.com by 24.6% in the 3rd quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock valued at $9,427,000 after acquiring an additional 53,223 shares during the last quarter. Patient Capital Management LLC grew its position in JD.com by 6.8% in the 3rd quarter. Patient Capital Management LLC now owns 842,937 shares of the information services provider’s stock valued at $29,486,000 after acquiring an additional 53,810 shares during the last quarter. Todd Asset Management LLC grew its position in JD.com by 8.3% in the 3rd quarter. Todd Asset Management LLC now owns 1,116,629 shares of the information services provider’s stock valued at $39,060,000 after acquiring an additional 85,331 shares during the last quarter. Nan Fung Trinity HK Ltd. bought a new position in JD.com in the 3rd quarter valued at $16,815,000. Finally, Y Intercept Hong Kong Ltd bought a new position in JD.com in the 3rd quarter valued at $22,096,000. Institutional investors own 15.98% of the company’s stock.

JD.com News Roundup

Here are the key news stories impacting JD.com this week:

About JD.com

(Get Free Report)

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.

Further Reading

Analyst Recommendations for JD.com (NASDAQ:JD)

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