Stifel Nicolaus began coverage on shares of JD.com (NASDAQ:JD) in a research report issued on Wednesday. The brokerage set a “buy” rating and a $48.00 price target on the information services provider’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 24.48% from the stock’s current price.
The analysts wrote, “We resume coverage of JD with a Buy rating and a $48 price target. Key Points China is the largest eCommerce market in the world. The China eCommerce market should exceed $1T in sales with 20% penetration of total China retail sales by 2019. There are two companies for investors to own to benefit from current growth and future opportunities in China, Alibaba (BABA, Buy, $$174.64) and JD. We have followed the development and growth of the eCommerce market for many years and believe Alibaba and JD are both well-managed and well-positioned leaders in China. The two leaders have effectively shut Amazon out of the eCommerce market in the region. JD is the more structured player with controlled logistics and an initial first-party model that has grown into a first-party / third-party hybrid. JD should triple its 2013 market share (~6%) by year-end (~18%).””
Other equities analysts have also issued research reports about the stock. BidaskClub lowered shares of JD.com from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. J P Morgan Chase & Co decreased their target price on shares of JD.com from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, November 15th. Nomura increased their target price on shares of JD.com from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Wells Fargo & Company increased their target price on shares of JD.com from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Finally, Morgan Stanley lowered shares of JD.com from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $50.00 to $52.00 in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the stock. JD.com has a consensus rating of “Buy” and a consensus target price of $45.65.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bessemer Group Inc. purchased a new stake in JD.com during the third quarter valued at about $101,000. Highstreet Asset Management Inc. purchased a new stake in JD.com during the second quarter valued at about $127,000. Lazard Asset Management LLC purchased a new stake in JD.com during the third quarter valued at about $104,000. Advisor Group Inc. lifted its stake in JD.com by 253.0% during the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock valued at $154,000 after buying an additional 2,907 shares in the last quarter. Finally, Nippon Life Insurance Co. lifted its stake in JD.com by 38.7% during the third quarter. Nippon Life Insurance Co. now owns 4,197 shares of the information services provider’s stock valued at $109,000 after buying an additional 1,170 shares in the last quarter. 44.99% of the stock is owned by institutional investors.
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JD.com Company Profile
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
