Barclays Raises JD.com (NASDAQ:JD) Price Target to $55.00

JD.com (NASDAQ:JD) had its price objective increased by Barclays from $50.00 to $55.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the information services provider’s stock. Barclays‘s price objective indicates a potential upside of 31.26% from the stock’s previous close.

Several other research firms also recently weighed in on JD. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Finally, Citigroup decreased 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 equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.71.

JD.com Trading Down 1.5 %

NASDAQ:JD opened at $41.90 on Friday. The company’s 50 day moving average price is $38.37 and its 200-day moving average price is $36.28. JD.com has a 52 week low of $21.18 and a 52 week high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a market cap of $66.08 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.31 and a beta of 0.40.

Institutional Investors Weigh In On JD.com

Several large investors have recently modified their holdings of JD. Richardson Financial Services Inc. purchased a new stake in JD.com during the 4th quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of JD.com in the 4th quarter valued at $34,000. Nisa Investment Advisors LLC boosted its holdings in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of JD.com in the 4th quarter valued at $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 valued at $45,000 after acquiring an additional 684 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

About JD.com

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.