JD.com (NASDAQ:JD) Given New $41.00 Price Target at Nomura

JD.com (NASDAQ:JDGet Free Report) had its target price upped by research analysts at Nomura from $40.00 to $41.00 in a note issued to investors on Friday,MarketScreener reports. The firm currently has a “buy” rating on the information services provider’s stock. Nomura’s target price points to a potential upside of 24.77% from the company’s current price.

JD has been the subject of a number of other research reports. Benchmark raised their target price on JD.com from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen upgraded shares of JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Citigroup increased their price target on shares of JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Bank of America reissued a “buy” rating and set a $33.00 price target on shares of JD.com in a research report on Thursday, March 5th. Finally, Sanford C. Bernstein upped their price objective on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and a consensus target price of $38.77.

View Our Latest Stock Report on JD

JD.com Trading Down 2.7%

Shares of JD opened at $32.86 on Friday. JD.com has a 1-year low of $24.51 and a 1-year high of $36.86. The company has a current ratio of 1.18, a quick ratio of 0.91 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $29.29 and its 200-day moving average price is $29.33. The firm has a market capitalization of $47.07 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 9.28 and a beta of 0.41.

JD.com (NASDAQ:JDGet Free Report) last released its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The company had revenue of $45.79 billion during the quarter. Sell-side analysts anticipate that JD.com will post 2.66 EPS for the current year.

Institutional Trading of JD.com

Several institutional investors have recently bought and sold shares of the company. Channing Global Advisors LLC increased its stake in JD.com by 1.9% during the 3rd quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock valued at $605,000 after purchasing an additional 321 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of JD.com by 0.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,912 shares of the information services provider’s stock worth $1,633,000 after buying an additional 354 shares in the last quarter. Synergy Financial Group LTD grew its holdings in shares of JD.com by 4.5% during the fourth quarter. Synergy Financial Group LTD now owns 8,763 shares of the information services provider’s stock valued at $251,000 after buying an additional 378 shares during the last quarter. First Pacific Financial increased its position in shares of JD.com by 2.9% during the first quarter. First Pacific Financial now owns 14,210 shares of the information services provider’s stock valued at $420,000 after acquiring an additional 395 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 399 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Company Profile

(Get Free Report)

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.

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