JD.com Price Target Increased to $55.00 by Barclays

JD.com (NASDAQ:JD – Free Report) received an upgrade on its price target from Barclays, who raised it from $50.00 to $55.00 in a research note that was published on Friday morning. Barclays currently holds an overweight rating on the stock of this information services provider.

In addition to Barclays, several other financial institutions have shared their perspectives on JD.com. For instance, Dbs Bank raised its rating on the shares of JD.com to a “strong-buy” on February 12. Conversely, StockNews.com downgraded the shares from a “strong-buy” rating to a “buy” rating on February 11. Furthermore, on December 9, Sanford C. Bernstein upgraded JD.com's rating from “market perform” to “outperform,” increasing their price target from $43.00 to $46.00. Benchmark reiterated a “buy” rating and set a target price of $47.00 for JD.com on November 15. In a previous report on the same day, Citigroup adjusted their price objective, lowering it from $52.00 to $51.00 while maintaining a “buy” rating.

Across the board, the stock has received various ratings; two analysts have given it a hold rating, twelve have assigned a buy rating, and one has declared it a strong buy. As reported by MarketBeat.com, JD.com has an average consensus rating of “Moderate Buy” and an average price target of approximately $41.71.

JD.com Stock Performance

On Friday, shares of JD.com opened at $41.90. The company has a market capitalization of $66.08 billion with a price-to-earnings (P/E) ratio of 13.26 and a price-to-earnings growth (PEG) ratio of 0.31. Additionally, JD.com’s stock has seen a twelve-month low of $21.18, and a peak of $47.82. The stock's 50-day moving average currently stands at $38.37, while its 200-day moving average is at $36.36. The company has a current ratio of 1.17, a quick ratio of 0.90, and a debt-to-equity ratio of 0.18.

Institutional Activity

Recently, several institutional investors have made adjustments to their holdings in JD.com. For instance, Richardson Financial Services acquired a new stake in the company valued at approximately $27,000 in the fourth quarter. Brooklyn Investment Group purchased another new position worth $34,000 during the same period. Nisa Investment Advisors LLC notably increased its position in JD.com by 71.5%, now holding 1,000 shares valued at $35,000 after buying an additional 417 shares. Modus Advisors LLC also entered into a new investment in JD.com, valued at $41,000. Finally, Wilmington Savings Fund Society FSB acquired another new stake worth $49,000 during the third quarter. Overall, institutional investors and hedge funds own approximately 15.98% of JD.com's stock.

About JD.com

JD.com, Inc operates mainly as a supply chain-based technology and service provider located in the People's Republic of China. The company’s offerings include a wide array of products such as computers, communication devices, consumer electronics, home appliances, food, beverages, fresh produce, baby products, cosmetics, pharmaceuticals, books, and clothing among others.

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JD.com, Barclays, stocks