JD.com (NASDAQ:JD) Price Target Raised to $55.00 at Barclays

JD.com (NASDAQ:JD) had its target price increased by Barclays from $50.00 to $55.00 in a report released on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the information services provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Benchmark restated a “buy” rating and set a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. Citigroup cut their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.71.

JD.com Stock Down 1.5 %

Shares of NASDAQ JD opened at $41.90 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com has a 52 week low of $21.18 and a 52 week high of $47.82. The firm has a 50-day moving average price of $38.37 and a 200 day moving average price of $36.21. The stock has a market capitalization of $66.08 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40.

Institutional Investors Weigh In On JD.com

Institutional investors have recently bought and sold shares of the stock. Citigroup Inc. grew its holdings in JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after purchasing an additional 36,096 shares during the period. Maple Rock Capital Partners Inc. grew its holdings in JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after purchasing an additional 200,200 shares during the period. KBC Group NV grew its holdings in JD.com by 213.4% in the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock valued at $12,343,000 after purchasing an additional 242,409 shares during the period. National Bank of Canada FI grew its holdings in JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after purchasing an additional 2,211,095 shares during the period. Finally, Van ECK Associates Corp grew its holdings in JD.com by 20.4% in the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider’s stock valued at $13,646,000 after purchasing an additional 66,693 shares during the period. 15.98% of the stock is currently owned by hedge funds and other 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.