JD.com (NASDAQ:JD) PT Raised to $40.00 at Mizuho

JD.com (NASDAQ:JDGet Free Report) had its price target boosted by Mizuho from $33.00 to $40.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. Mizuho’s price target suggests a potential upside of 13.41% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of JD.com in a research report on Tuesday, April 16th. Susquehanna decreased their price target on JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, April 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $27.00 price objective on shares of JD.com in a research report on Thursday, April 18th. Macquarie upgraded shares of JD.com from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $26.00 to $40.00 in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and an average price target of $37.47.

Check Out Our Latest Research Report on JD.com

JD.com Price Performance

Shares of JD opened at $35.27 on Friday. JD.com has a 1-year low of $20.82 and a 1-year high of $41.95. The stock has a market cap of $55.63 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.28 and a beta of 0.51. 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 firm has a fifty day moving average price of $28.57 and a 200 day moving average price of $26.47.

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

Hedge Funds Weigh In On JD.com

A number of institutional investors have recently modified their holdings of JD. Aspex Management HK Ltd acquired a new position in shares of JD.com in the fourth quarter valued at approximately $114,009,000. FIL Ltd grew its holdings in JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after purchasing an additional 3,441,605 shares during the period. National Bank of Canada FI grew its holdings in JD.com by 292.4% in the fourth quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock valued at $120,679,000 after purchasing an additional 3,305,956 shares during the period. Discerene Group LP grew its holdings in JD.com by 66.0% in the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock valued at $152,147,000 after purchasing an additional 2,207,619 shares during the period. Finally, Polunin Capital Partners Ltd purchased a new stake in JD.com in the first quarter valued at approximately $41,477,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

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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