JD.Com (NASDAQ:JD) had its price target lifted by Mizuho from $28.00 to $31.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has a neutral rating on the information services provider’s stock.
A number of other brokerages also recently weighed in on JD. Nomura upgraded JD.Com from a neutral rating to a buy rating and set a $29.81 price target for the company in a report on Wednesday, May 15th. Stifel Nicolaus restated a hold rating and set a $35.00 price objective on shares of JD.Com in a research note on Tuesday, August 13th. CICC Research upgraded JD.Com from a hold rating to a buy rating and set a $27.66 price objective for the company in a research note on Monday, May 13th. BidaskClub downgraded JD.Com from a buy rating to a hold rating in a research note on Thursday, August 1st. Finally, China International Capital upgraded JD.Com to a buy rating in a research note on Monday, May 13th. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $32.58.
Shares of NASDAQ JD opened at $31.29 on Wednesday. JD.Com has a twelve month low of $19.21 and a twelve month high of $33.60. The company has a current ratio of 0.83, a quick ratio of 0.49 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $35.67 billion, a price-to-earnings ratio of -1,043.00 and a beta of 1.42. The business has a 50 day simple moving average of $30.07 and a 200-day simple moving average of $28.44.
Large investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc bought a new position in shares of JD.Com in the second quarter worth $25,000. CWM LLC bought a new position in shares of JD.Com in the second quarter worth $26,000. WealthStone Inc. bought a new position in shares of JD.Com in the second quarter worth $28,000. Ropes Wealth Advisors LLC acquired a new stake in shares of JD.Com in the second quarter valued at $30,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of JD.Com in the first quarter valued at $51,000. 48.93% of the stock is owned by institutional investors.
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.
Featured Story: Understanding Compound Annual Growth Rate (CAGR)
Receive News & Ratings for JD.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.Com and related companies with MarketBeat.com's FREE daily email newsletter.