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

JD.com (NASDAQ:JD) had its price target upped by research analysts at Nomura from $40.00 to $41.00 in a report issued on Friday,MarketScreener reports. The firm currently has a “buy” rating on the information services provider’s stock. Nomura’s target price indicates a potential upside of 24.77% from the stock’s current price.

A number of other equities research analysts have also weighed in on JD. Susquehanna boosted their price objective on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday. Arete Research set a $37.00 target price on shares of JD.com in a report on Friday, April 17th. Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Barclays upped their price target on shares of JD.com from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.77.

JD.com Price Performance

Shares of JD.com stock opened at $32.86 on Friday. The firm has a market capitalization of $47.07 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 9.28 and a beta of 0.41. The company has a current ratio of 1.18, a quick ratio of 0.91 and a debt-to-equity ratio of 0.22. JD.com has a 12 month low of $24.51 and a 12 month high of $36.86. The business’s 50-day moving average price is $29.29 and its 200-day moving average price is $29.33.

JD.com (NASDAQ:JD) last released its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. The company had revenue of $45.79 billion during the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%. Sell-side analysts forecast that JD.com will post 2.66 EPS for the current fiscal year.

Institutional Investors Weigh In On JD.com

Several institutional investors have recently added to or reduced their stakes in the company. Binnacle Investments Inc increased its position in shares of JD.com by 365.8% in the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 589 shares during the period. Root Financial Partners LLC boosted its holdings in shares of JD.com by 1,020.0% during the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after purchasing an additional 1,020 shares during the period. Assetmark Inc. grew its stake in shares of JD.com by 62.0% in the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after purchasing an additional 399 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in JD.com by 191.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 815 shares during the period. Finally, EFG International AG bought a new position in JD.com during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

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.