JPMorgan Chase & Co. Boosts JD.com (NASDAQ:JD) Price Target to $50.00

JD.com (NASDAQ:JD) had its price objective lifted by analysts at JPMorgan Chase & Co. from $40.00 to $50.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the information services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 21.12% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on JD. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Loop Capital dropped their price target on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Tuesday. Sanford C. Bernstein decreased their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Finally, Barclays decreased their target price 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. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.87.

JD.com Stock Up 2.8 %

Shares of JD traded up $1.12 on Wednesday, hitting $41.28. The company’s stock had a trading volume of 8,435,970 shares, compared to its average volume of 15,155,293. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $31.64 and its 200-day moving average price is $29.61. The firm has a market capitalization of $65.10 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 0.65 and a beta of 0.42.

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

Institutional Trading of JD.com

A number of institutional investors have recently added to or reduced their stakes in JD. Canada Pension Plan Investment Board raised its holdings in shares of JD.com by 9.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock valued at $39,887,000 after acquiring an additional 129,763 shares in the last quarter. M&G Plc bought a new position in shares of JD.com during the 1st quarter valued at about $22,920,000. SG Americas Securities LLC increased its position in shares of JD.com by 55.8% during the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after purchasing an additional 33,771 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of JD.com by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after purchasing an additional 63,800 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of JD.com by 103.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 62,002 shares of the information services provider’s stock valued at $1,698,000 after purchasing an additional 31,563 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

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.