JD.com (NASDAQ:JD) Price Target Cut to $34.00 by Analysts at Barclays

JD.com (NASDAQ:JD) had its price target reduced by stock analysts at Barclays from $41.00 to $34.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the information services provider’s stock. Barclays‘s price target suggests a potential upside of 25.74% from the stock’s current price.

A number of other research firms have also issued reports on JD. Nomura increased their target price on JD.com from $37.00 to $40.00 and gave the company a “buy” rating in a report on Monday. Susquehanna lowered their price target on JD.com from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday. Bank of America reissued a “buy” rating and set a $33.00 price target on shares of JD.com in a research report on Thursday. HSBC restated a “buy” rating and set a $37.00 price objective on shares of JD.com in a research report on Monday, December 29th. Finally, Arete Research set a $32.00 target price on JD.com in a report on Tuesday, December 9th. Eleven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.36.

JD.com Trading Up 0.0%

Shares of JD.com stock traded up $0.01 during trading on Monday, hitting $27.04. The stock had a trading volume of 3,182,551 shares, compared to its average volume of 10,120,548. JD.com has a 1 year low of $24.51 and a 1 year high of $45.75. The stock has a 50 day simple moving average of $28.29 and a 200 day simple moving average of $30.61. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $38.74 billion, a PE ratio of 15.36, a P/E/G ratio of 8.34 and a beta of 0.41.

Institutional Trading of JD.com

Several large investors have recently added to or reduced their stakes in JD. Corient Private Wealth LLC increased its stake in shares of JD.com by 158.4% during the 4th quarter. Corient Private Wealth LLC now owns 81,127 shares of the information services provider’s stock worth $2,328,000 after purchasing an additional 49,735 shares during the last quarter. Wahed Invest LLC lifted its stake in shares of JD.com by 6.9% in the 4th quarter. Wahed Invest LLC now owns 27,638 shares of the information services provider’s stock valued at $793,000 after purchasing an additional 1,776 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in JD.com by 0.8% in the fourth quarter. Mackenzie Financial Corp now owns 290,637 shares of the information services provider’s stock worth $8,328,000 after purchasing an additional 2,168 shares in the last quarter. NewEdge Advisors LLC increased its position in JD.com by 34.4% during the fourth quarter. NewEdge Advisors LLC now owns 107,405 shares of the information services provider’s stock worth $3,083,000 after buying an additional 27,518 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of JD.com in the fourth quarter worth about $374,000. 15.98% of the stock is owned by institutional investors.

JD.com Company Profile

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.