JD.com (NASDAQ:JD) Given New $72.00 Price Target at Barclays

JD.com (NASDAQ:JDGet Rating) had its target price raised by Barclays from $59.00 to $72.00 in a report released on Monday morning, The Fly reports.

Several other brokerages also recently weighed in on JD. Benchmark boosted their price objective on shares of JD.com from $106.00 to $109.00 in a research report on Wednesday, August 24th. Susquehanna Bancshares boosted their price objective on shares of JD.com from $55.00 to $62.00 and gave the stock a neutral rating in a research report on Monday, September 12th. Citigroup boosted their price objective on shares of JD.com from $85.00 to $90.00 and gave the stock a buy rating in a research report on Monday. Mizuho reduced their price target on shares of JD.com from $90.00 to $82.00 in a research report on Monday, November 14th. Finally, StockNews.com began coverage on shares of JD.com in a research report on Wednesday, October 12th. They issued a hold rating for the company. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $81.92.

JD.com Stock Up 1.4 %

Shares of JD.com stock opened at $52.26 on Monday. JD.com has a 52-week low of $33.17 and a 52-week high of $91.19. The company has a 50 day moving average of $47.89 and a 200 day moving average of $55.38. The company has a quick ratio of 0.97, a current ratio of 1.30 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $70.44 billion, a P/E ratio of 580.73 and a beta of 0.34.

JD.com (NASDAQ:JDGet Rating) last issued its quarterly earnings results on Tuesday, August 23rd. The information services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. JD.com had a net margin of 0.13% and a return on equity of 6.64%. The company had revenue of $39.95 billion during the quarter, compared to the consensus estimate of $39.30 billion. As a group, research analysts forecast that JD.com will post 1.79 EPS for the current fiscal year.

Hedge Funds Weigh In On JD.com

A number of institutional investors and hedge funds have recently made changes to their positions in JD. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of JD.com during the 1st quarter worth $81,000. Nan Fung Trinity HK Ltd. grew its stake in shares of JD.com by 10.4% during the 1st quarter. Nan Fung Trinity HK Ltd. now owns 167,100 shares of the information services provider’s stock worth $9,670,000 after purchasing an additional 15,700 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of JD.com by 14.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 140,025 shares of the information services provider’s stock worth $8,103,000 after buying an additional 17,865 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its position in shares of JD.com by 11.2% in the 1st quarter. Gladstone Institutional Advisory LLC now owns 8,891 shares of the information services provider’s stock worth $515,000 after buying an additional 892 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its position in shares of JD.com by 5.1% in the 1st quarter. Prospera Financial Services Inc now owns 5,062 shares of the information services provider’s stock worth $293,000 after buying an additional 245 shares in the last quarter. 25.45% of the stock is owned by institutional investors and hedge funds.

About JD.com

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JD.com, Inc provides supply chain-based technologies and services 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, books, automobile accessories, apparel and footwear, bags, and jewelry.

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