Nomura Forecasts Strong Price Appreciation for JD.com (NASDAQ:JD) Stock

JD.com (NASDAQ:JD) had its price target lifted by analysts at Nomura from $37.00 to $40.00 in a research note issued to investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the information services provider’s stock. Nomura’s price target would indicate a potential upside of 47.98% from the stock’s current price.

JD has been the subject of several other reports. Morgan Stanley reiterated an “underweight” rating and set a $22.00 target price on shares of JD.com in a research report on Thursday. Wall Street Zen downgraded shares of JD.com from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group reiterated a “buy” rating on shares of JD.com in a report on Friday. Susquehanna reissued a “neutral” rating on shares of JD.com in a research report on Monday, November 24th. Finally, Arete Research set a $32.00 target price on shares of JD.com in a research note on Tuesday, December 9th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, JD.com presently has a consensus rating of “Moderate Buy” and an average target price of $37.31.

JD.com Price Performance

Shares of JD stock opened at $27.03 on Monday. The stock has a 50 day moving average price of $28.29 and a 200 day moving average price of $30.61. JD.com has a 52-week low of $24.51 and a 52-week high of $45.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.22. The firm has a market capitalization of $38.72 billion, a P/E ratio of 15.36, a P/E/G ratio of 8.34 and a beta of 0.41.

Institutional Trading of JD.com

A number of hedge funds have recently added to or reduced their stakes in JD. Channing Global Advisors LLC increased its position in JD.com by 1.9% during the 3rd quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock valued at $605,000 after purchasing an additional 321 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of JD.com by 3.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 8,876 shares of the information services provider’s stock worth $290,000 after purchasing an additional 324 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of JD.com by 0.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,912 shares of the information services provider’s stock valued at $1,633,000 after purchasing an additional 354 shares in the last quarter. Aaron Wealth Advisors LLC boosted its stake in shares of JD.com by 6.0% during the third quarter. Aaron Wealth Advisors LLC now owns 6,630 shares of the information services provider’s stock valued at $232,000 after purchasing an additional 374 shares in the last quarter. Finally, Synergy Financial Group LTD increased its holdings in JD.com by 4.5% during the fourth quarter. Synergy Financial Group LTD now owns 8,763 shares of the information services provider’s stock valued at $251,000 after buying an additional 378 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

About JD.com

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.