JD.com (NASDAQ:JD) Given New $55.00 Price Target at JPMorgan Chase & Co.

JD.com (NASDAQ:JD - Get Free Report) had its target price upped by equities researchers at JPMorgan Chase & Co. from $50.00 to $55.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the information services provider's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 34.97% from the company's previous close.

JD has been the subject of several other reports. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Sanford C. Bernstein raised shares of JD.com from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Benchmark lifted their target price on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday. Barclays upped their price target on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, Citigroup lowered their price objective on shares of JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $44.43.

Remove Ads

JD.com Price Performance

Shares of NASDAQ JD traded up $0.11 during trading on Friday, hitting $40.75. The company had a trading volume of 13,285,430 shares, compared to its average volume of 13,623,484. The company has a market cap of $64.27 billion, a P/E ratio of 12.90, a PEG ratio of 0.31 and a beta of 0.43. 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 business's 50-day moving average is $39.12 and its 200 day moving average is $36.95. JD.com has a 52 week low of $24.13 and a 52 week high of $47.82.

Institutional Investors Weigh In On JD.com

Several institutional investors have recently made changes to their positions in JD. Wealth Enhancement Advisory Services LLC raised its position in JD.com by 18.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,688 shares of the information services provider's stock valued at $468,000 after acquiring an additional 1,830 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of JD.com by 3.1% in the 3rd quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider's stock valued at $1,172,000 after purchasing an additional 889 shares during the last quarter. AIA Group Ltd bought a new position in JD.com during the third quarter valued at about $346,000. XY Capital Ltd bought a new stake in shares of JD.com during the 3rd quarter worth about $6,540,000. Finally, Assetmark Inc. acquired a new position in JD.com during the 3rd quarter worth $400,000. 15.98% of the stock is currently 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.