Citigroup reaffirmed their buy rating on shares of JD.Com (NASDAQ:JD) in a research report sent to investors on Wednesday morning, The Fly reports. The firm currently has a $43.00 target price on the information services provider’s stock, up from their previous target price of $41.00.
A number of other research analysts also recently weighed in on the company. BidaskClub downgraded JD.Com from a buy rating to a hold rating in a report on Thursday, August 1st. Loop Capital started coverage on JD.Com in a report on Monday, June 3rd. They set a buy rating on the stock. CICC Research upgraded JD.Com from a hold rating to a buy rating and set a $27.66 target price on the stock in a report on Monday, May 13th. Stifel Nicolaus reiterated a hold rating and set a $35.00 target price on shares of JD.Com in a report on Tuesday, August 13th. Finally, TheStreet upgraded JD.Com from a d+ rating to a c rating in a report on Friday, May 10th. Eleven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $32.58.
JD stock opened at $31.29 on Wednesday. JD.Com has a fifty-two week low of $19.21 and a fifty-two week high of $33.60. The business’s 50 day moving average price is $30.07 and its two-hundred day moving average price is $28.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.49 and a current ratio of 0.91. The company has a market capitalization of $36.31 billion, a price-to-earnings ratio of 61.55 and a beta of 1.42.
Institutional investors and hedge funds have recently modified their holdings of the company. Rehmann Capital Advisory Group lifted its position in JD.Com by 233.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 2,132 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 1,493 shares in the last quarter. Synovus Financial Corp lifted its position in JD.Com by 50.5% in the 1st quarter. Synovus Financial Corp now owns 2,146 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 720 shares in the last quarter. Marshall Wace North America L.P. bought a new position in JD.Com in the 1st quarter valued at approximately $22,173,000. Thoroughbred Financial Services LLC lifted its position in JD.Com by 43.0% in the 1st quarter. Thoroughbred Financial Services LLC now owns 22,895 shares of the information services provider’s stock valued at $690,000 after acquiring an additional 6,887 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its position in JD.Com by 23.3% in the 1st quarter. Wetherby Asset Management Inc. now owns 16,010 shares of the information services provider’s stock valued at $483,000 after acquiring an additional 3,023 shares in the last quarter. 48.93% of the stock is currently owned by hedge funds and other institutional investors.
JD.Com Company Profile
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
Read More: Real Estate Investment Trust (REIT) ETF
Receive News & Ratings for JD.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.Com and related companies with MarketBeat.com's FREE daily email newsletter.