JD.Com (NASDAQ:JD) had its price target lifted by equities researchers at Mizuho from $62.00 to $75.00 in a research report issued on Tuesday, The Fly reports. The firm presently has a "buy" rating on the information services provider's stock. Mizuho's target price would suggest a potential upside of 25.88% from the company's current price.
A number of other equities analysts also recently commented on the company. Citigroup upped their target price on JD.Com from $56.00 to $60.00 and gave the company a "buy" rating in a report on Monday, May 18th. Cfra upped their target price on JD.Com from $48.00 to $67.00 and gave the company a "buy" rating in a report on Tuesday, May 19th. KeyCorp restated a "hold" rating on shares of JD.Com in a report on Tuesday, March 3rd. Benchmark upped their target price on JD.Com from $60.00 to $66.00 and gave the company a "buy" rating in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. upped their target price on JD.Com from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Tuesday, March 3rd. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. The company presently has an average rating of "Buy" and an average price target of $54.52.
NASDAQ:JD opened at $59.58 on Tuesday. The firm has a market cap of $87.02 billion, a PE ratio of 106.39, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96. JD.Com has a fifty-two week low of $25.77 and a fifty-two week high of $62.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.69 and a current ratio of 1.06. The business has a 50 day moving average price of $55.46 and a 200-day moving average price of $43.89.
JD.Com (NASDAQ:JD) last released its quarterly earnings data on Friday, May 15th. The information services provider reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.34. The firm had revenue of $20.65 billion during the quarter, compared to analyst estimates of $19.17 billion. JD.Com had a return on equity of 8.19% and a net margin of 0.99%. Research analysts predict that JD.Com will post 0.86 EPS for the current year.
A number of large investors have recently made changes to their positions in the business. Invesco Ltd. increased its stake in JD.Com by 8.9% in the 1st quarter. Invesco Ltd. now owns 32,338,171 shares of the information services provider's stock worth $1,309,695,000 after acquiring an additional 2,633,042 shares during the last quarter. State Street Corp boosted its holdings in JD.Com by 4.5% during the 1st quarter. State Street Corp now owns 17,965,769 shares of the information services provider's stock valued at $727,614,000 after acquiring an additional 766,111 shares during the period. Norges Bank purchased a new position in JD.Com during the 4th quarter valued at $390,517,000. Baillie Gifford & Co. boosted its holdings in JD.Com by 27.9% during the 1st quarter. Baillie Gifford & Co. now owns 6,396,323 shares of the information services provider's stock valued at $259,051,000 after acquiring an additional 1,395,231 shares during the period. Finally, Legal & General Group Plc boosted its holdings in JD.Com by 1.7% during the 1st quarter. Legal & General Group Plc now owns 5,722,393 shares of the information services provider's stock valued at $231,726,000 after acquiring an additional 96,074 shares during the period. 42.16% of the stock is currently owned by institutional investors and hedge funds.
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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