Macquarie Reaffirms “Neutral” Rating for JD.com (NASDAQ:JD)

JD.com (NASDAQ:JD)‘s stock had its “neutral” rating reissued by research analysts at Macquarie in a research note issued on Wednesday, MarketBeat reports. They currently have a $35.00 price objective on the information services provider’s stock. Macquarie’s target price would indicate a potential upside of 7.79% from the company’s previous close.

A number of other analysts have also commented on JD. Dbs Bank upgraded JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Bank of America cut their price target on shares of JD.com from $51.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Mizuho increased their target price on shares of JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Finally, Benchmark raised their target price on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.25.

JD.com Stock Down 3.2 %

JD.com stock opened at $32.47 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a market cap of $51.21 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. JD.com has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The firm’s 50-day simple moving average is $39.47 and its 200 day simple moving average is $38.61.

Institutional Investors Weigh In On JD.com

Several large investors have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. bought a new position in shares of JD.com in the 4th quarter worth $27,000. Brooklyn Investment Group bought a new position in JD.com in the fourth quarter valued at $34,000. Nisa Investment Advisors LLC raised its position in JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares in the last quarter. Modus Advisors LLC bought a new stake in JD.com during the fourth quarter worth about $41,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after purchasing an additional 684 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

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.