JD.com (NASDAQ:JD) PT Raised to $50.00

JD.com (NASDAQ:JD) had its price objective lifted by JPMorgan Chase & Co. from $40.00 to $50.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the information services provider’s stock.

Several other research firms have also recently commented on JD. Loop Capital decreased their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a report on Friday, June 21st. Benchmark restated a “buy” rating and issued a $47.00 target price on shares of JD.com in a report on Tuesday. Barclays lowered their price target on JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 8th. Finally, Sanford C. Bernstein decreased their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.53.

JD.com Trading Up 2.9 %

JD.com stock opened at $39.98 on Wednesday. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The firm has a market capitalization of $63.05 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 0.65 and a beta of 0.42. The firm has a 50-day moving average price of $32.48 and a two-hundred day moving average price of $29.83. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating the consensus estimate of $0.79 by $8.57. The business had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Sell-side analysts expect that JD.com will post 3.75 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in JD.com by 58.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock worth $120,000 after buying an additional 1,102 shares during the last quarter. Lee Johnson Capital Management LLC purchased a new stake in shares of JD.com in the third quarter worth approximately $1,220,000. OLD National Bancorp IN purchased a new position in JD.com during the 3rd quarter worth $212,000. Blue Trust Inc. boosted its holdings in JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after purchasing an additional 2,360 shares during the last quarter. Finally, Aaron Wealth Advisors LLC bought a new position in shares of JD.com in the third quarter valued at approximately $208,000. 15.98% of the stock is currently owned by institutional investors.

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.