JD.com (NASDAQ:JD) Price Target Raised to $55.00 at Barclays

JD.com (NASDAQ:JD – Free Report) has seen its target price increase from $50.00 to $55.00 as reported by Barclays in a research note released on Friday. This adjustment reflects Barclays' ongoing confidence in the stock, which they currently rate as overweight.

In addition to Barclays, other brokerage firms have also analyzed JD.com. On February 12th, Dbs Bank upgraded the company's shares to a "strong-buy" rating. On the other hand, StockNews.com revised its rating on JD.com's shares from "strong-buy" to merely a "buy" on February 11th. Meanwhile, Sanford C. Bernstein raised their rating from "market perform" to "outperform" and lifted their price target from $43.00 to $46.00 on December 9th. Benchmark reiterated a "buy" rating on JD.com, setting its price target at $47.00 as outlined in their report dated November 15th. Furthermore, Citigroup lowered its price objective on JD.com from $52.00 to $51.00, while still maintaining a "buy" rating for the company.

The consensus on JD.com stock among analysts is positive. Of the ratings, two analysts suggest holding the stock, twelve recommend buying it, and one has given it a strong buy designation. According to MarketBeat.com, JD.com currently holds a consensus rating of "Moderate Buy" with an average target price of $41.71.

JD.com Stock Trends

As for stock performance, JD.com shares opened at $41.90 on Friday, reflecting a decrease of 1.5%. The company's market cap stands at approximately $66.08 billion, with a P/E ratio of 13.26 and a price-to-earnings-growth ratio of 0.31. Over the past year, JD.com's stock has seen a low of $21.18 and a high of $47.82. Currently, its 50-day moving average is $38.37, and the 200-day moving average is $36.36. Financial metrics reveal a current ratio of 1.17, a quick ratio of 0.90, and a debt-to-equity ratio of 0.18.

Institutional Investments in JD.com

Recent activity among institutional investors indicates a growing interest in JD.com. For instance, Richardson Financial Services Inc. acquired a new stake during the fourth quarter worth approximately $27,000. Additionally, Brooklyn Investment Group also entered a new position in JD.com valued at $34,000 during the same period. Nisa Investment Advisors LLC increased its stake by 71.5%, now holding 1,000 shares valued at $35,000 after acquiring an additional 417 shares last quarter. Modus Advisors LLC made a new investment in JD.com during the fourth quarter worth $41,000, while Wilmington Savings Fund Society FSB bought into the company in the third quarter for about $49,000. Presently, 15.98% of JD.com's stock is owned by institutional investors and hedge funds.

About JD.com

JD.com, Inc is a supply chain-based technology and services provider operating in the People's Republic of China. The company offers a variety of products, including computers, communication devices, consumer electronics, home appliances, food, beverages, fresh produce, maternity products, furniture, household goods, cosmetics, and healthcare products among others.

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JD.com, Stocks, Analysis