JD.com (NASDAQ:JD) Price Target Cut to $41.00 by Analysts at Barclays

JD.com (NASDAQ:JD) had its price target lowered by Barclays from $43.00 to $41.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an overweight rating on the information services provider’s stock.

Several other brokerages also recently commented on JD. Weiss Ratings upgraded JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Nomura boosted their price objective on shares of JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wall Street Zen raised shares of JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Benchmark raised their target price on shares of JD.com from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Zacks Research upgraded shares of JD.com from a “hold” rating to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.42.

JD.com Trading Up 1.5%

Shares of NASDAQ:JD opened at $29.28 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $36.55 billion, a PE ratio of 22.88 and a beta of 0.40. JD.com has a 1 year low of $24.51 and a 1 year high of $36.86. The firm has a fifty day moving average price of $28.81 and a 200 day moving average price of $28.74.

JD.com (NASDAQ:JD) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%.The company had revenue of $45.79 billion for the quarter. Analysts expect that JD.com will post 2.78 EPS for the current fiscal year.

Hedge Funds Weigh In On JD.com

Several large investors have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in shares of JD.com during the fourth quarter valued at about $270,000. Empowered Funds LLC lifted its stake in shares of JD.com by 35.5% in the first quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock valued at $800,000 after buying an additional 5,099 shares during the period. Focus Partners Wealth grew its position in JD.com by 36.5% during the first quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock worth $1,184,000 after buying an additional 7,701 shares in the last quarter. First Trust Advisors LP grew its position in JD.com by 26.2% during the second quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock worth $4,461,000 after buying an additional 28,339 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in JD.com by 22.4% during the second quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock valued at $2,147,000 after acquiring an additional 12,053 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about JD.com

Here are the key news stories impacting JD.com this week:

• Positive Sentiment: JD.com was added to Zacks Rank #1 (Strong Buy) lists, including the strong-buy and income-stock screens, signaling improving earnings estimate momentum and positive stock-screening support. New Strong Buy Stocks for July 14th
• Positive Sentiment: Zacks Research upgraded JD.com from “hold” to “strong-buy,” reinforcing the view that analysts are becoming more constructive on the stock. Tickerreport.com coverage of Zacks upgrade
• Positive Sentiment: Barclays kept an “overweight” rating while trimming its price target to $41 from $43, which still implies meaningful upside from current levels and supports a bullish valuation case. Barclays price target update
• Neutral Sentiment: Several Zacks articles highlighted JD.com as potentially undervalued and noted an average Wall Street price target suggesting about 40% upside, but these pieces were largely commentary on existing analyst sentiment rather than fresh business developments. Is JD.com Stock Undervalued Right Now?

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.