JD.com (NASDAQ:JD) Stock Price Expected to Rise, Susquehanna Analyst Says

by · The Cerbat Gem

JD.com (NASDAQ:JD – Get Free Report) had its price objective increased by analysts at Susquehanna from $30.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the information services provider’s stock. Susquehanna’s price target would indicate a potential upside of 5.24% from the stock’s current price.

A number of other research firms also recently commented on JD. Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings upgraded JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Benchmark upped their price target on JD.com from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen raised shares of JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Finally, UBS Group reissued a “buy” rating on shares of JD.com in a report on Friday, March 6th. Ten equities 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.69.

Check Out Our Latest Stock Report on JD

JD.com Stock Performance

Shares of JD.com stock opened at $33.26 on Thursday. The firm has a market cap of $47.64 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 8.66 and a beta of 0.41. The firm’s 50-day simple moving average is $29.14 and its 200-day simple moving average is $29.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.22. JD.com has a 1 year low of $24.51 and a 1 year high of $37.00.

JD.com (NASDAQ:JD – Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. The business had revenue of $45.79 billion for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.85%. Equities analysts forecast that JD.com will post 2.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its stake in JD.com by 77.7% in the first quarter. Sei Investments Co. now owns 173,753 shares of the information services provider’s stock valued at $5,138,000 after buying an additional 75,956 shares during the last quarter. Coronation Fund Managers Ltd. grew its position in shares of JD.com by 39.9% during the first quarter. Coronation Fund Managers Ltd. now owns 12,228 shares of the information services provider’s stock worth $362,000 after acquiring an additional 3,487 shares during the last quarter. First Trust Advisors LP grew its position in shares of JD.com by 19.2% during the first quarter. First Trust Advisors LP now owns 197,087 shares of the information services provider’s stock worth $5,828,000 after acquiring an additional 31,693 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of JD.com in the 1st quarter worth about $795,000. Finally, Dimensional Fund Advisors LP lifted its position in JD.com by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 168,356 shares of the information services provider’s stock valued at $4,978,000 after purchasing an additional 2,495 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

JD.com News Roundup

Here are the key news stories impacting JD.com this week:

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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