JD.Com (NASDAQ:JD) had its target price boosted by investment analysts at KeyCorp from $51.00 to $56.00 in a research note issued on Friday. The firm currently has an “overweight” rating on the information services provider’s stock. KeyCorp’s price objective would suggest a potential upside of 14.75% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Vetr downgraded JD.Com from a “buy” rating to a “hold” rating and set a $48.78 price objective for the company. in a research note on Friday. BidaskClub raised JD.Com from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Nomura upped their price objective on JD.Com from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. MKM Partners reissued a “buy” rating and set a $51.00 target price on shares of JD.Com in a research report on Monday, October 2nd. Finally, Wells Fargo & Co 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. JD.Com has an average rating of “Buy” and an average target price of $46.88.
JD.Com (JD) traded up $1.42 during trading on Friday, hitting $48.80. The stock had a trading volume of 5,184,849 shares, compared to its average volume of 12,520,485. JD.Com has a one year low of $27.88 and a one year high of $49.45. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.12 and a quick ratio of 0.79. The firm has a market capitalization of $69,300.00, a P/E ratio of -696.29 and a beta of 1.38.
Hedge funds have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D grew its position in shares of JD.Com by 11.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 678,507 shares of the information services provider’s stock worth $25,919,000 after buying an additional 70,102 shares during the period. Rovida Advisors Inc. acquired a new stake in shares of JD.Com during the 3rd quarter worth approximately $43,403,000. Janus Henderson Group PLC acquired a new stake in shares of JD.Com during the 2nd quarter worth approximately $1,371,000. Russell Investments Group Ltd. grew its position in shares of JD.Com by 38.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,297,335 shares of the information services provider’s stock worth $87,748,000 after buying an additional 637,176 shares during the period. Finally, Xact Kapitalforvaltning AB grew its position in shares of JD.Com by 3.3% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 120,715 shares of the information services provider’s stock worth $4,611,000 after buying an additional 3,800 shares during the period. 44.09% of the stock is owned by institutional investors.
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.
