JD.com, Inc. (NASDAQ:JD – Get Free Report) shares saw strong trading volume on Friday . 5,644,402 shares were traded during trading, a decline of 23% from the previous session’s volume of 7,373,963 shares.The stock last traded at $38.62 and had previously closed at $35.42.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on JD. Benchmark restated a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. JPMorgan Chase & Co. increased their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Finally, Citigroup reduced their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $41.36.
Read Our Latest Stock Analysis on JD
JD.com Price Performance
Institutional Investors Weigh In On JD.com
A number of institutional investors have recently added to or reduced their stakes in JD. FMR LLC lifted its position in shares of JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after buying an additional 4,445,277 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after acquiring an additional 4,839,700 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of JD.com by 9.0% during the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock valued at $162,904,000 after acquiring an additional 336,740 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after purchasing an additional 2,175,568 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. increased its position in shares of JD.com by 5.9% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after purchasing an additional 200,200 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.
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.
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