JD.com (NASDAQ:JD) PT Raised to $35.00 at Sanford C. Bernstein

JD.com (NASDAQ:JDGet Free Report) had its price target lifted by Sanford C. Bernstein from $28.00 to $35.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the information services provider’s stock. Sanford C. Bernstein’s price target would indicate a potential downside of 0.77% from the stock’s previous close.

Several other analysts also recently weighed in on JD. Citigroup decreased their price target on shares of JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 price target on shares of JD.com in a research note on Thursday, April 18th. JPMorgan Chase & Co. lifted their price target on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of JD.com in a research note on Tuesday, April 16th. Finally, StockNews.com downgraded shares of JD.com from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.47.

Check Out Our Latest Report on JD.com

JD.com Stock Up 2.9 %

Shares of NASDAQ JD opened at $35.27 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.90. The company has a market cap of $55.63 billion, a P/E ratio of 16.11, a PEG ratio of 0.28 and a beta of 0.51. JD.com has a 1 year low of $20.82 and a 1 year high of $41.95. The firm has a 50-day simple moving average of $28.57 and a two-hundred day simple moving average of $26.47.

JD.com (NASDAQ:JDGet Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $4.74. The business had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a net margin of 2.26% and a return on equity of 11.38%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Research analysts anticipate that JD.com will post 2.85 earnings per share for the current year.

Hedge Funds Weigh In On JD.com

Institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of JD.com by 812.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after buying an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC purchased a new stake in shares of JD.com during the first quarter valued at $58,000. Spire Wealth Management grew its holdings in shares of JD.com by 81.3% during the third quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock valued at $63,000 after buying an additional 971 shares during the last quarter. CWM LLC grew its holdings in shares of JD.com by 69.3% during the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock valued at $85,000 after buying an additional 1,208 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA grew its holdings in shares of JD.com by 73.5% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock valued at $111,000 after buying an additional 1,631 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Company Profile

(Get Free Report)

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.

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Analyst Recommendations for JD.com (NASDAQ:JD)

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