JD.Com (JD) Price Target Lowered to $35.00 at MKM Partners
JD.Com (NASDAQ:JD) had its target price lowered by MKM Partners from $41.00 to $35.00 in a research note issued to investors on Friday morning, The Fly reports. MKM Partners currently has a buy rating on the information services provider’s stock.
A number of other brokerages have also recently weighed in on JD. ValuEngine upgraded shares of JD.Com from a sell rating to a hold rating in a research note on Thursday, December 6th. BidaskClub upgraded shares of JD.Com from a strong sell rating to a sell rating in a research note on Wednesday, December 5th. Zacks Investment Research upgraded shares of JD.Com from a sell rating to a hold rating in a research note on Thursday, November 22nd. Cowen reiterated a neutral rating on shares of JD.Com in a research note on Wednesday, November 21st. Finally, Benchmark decreased their price target on shares of JD.Com to $31.00 and set a buy rating for the company in a research note on Tuesday, November 20th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $35.19.
NASDAQ JD opened at $20.51 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.57 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $25.20 billion, a P/E ratio of 2,051.00 and a beta of 1.37. JD.Com has a 12 month low of $19.21 and a 12 month high of $50.68.
Several hedge funds have recently added to or reduced their stakes in JD. OppenheimerFunds Inc. lifted its stake in shares of JD.Com by 46.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 24,719,292 shares of the information services provider’s stock worth $962,818,000 after acquiring an additional 7,842,079 shares during the period. First Pacific Advisors LP lifted its stake in shares of JD.Com by 454.8% in the 3rd quarter. First Pacific Advisors LP now owns 9,369,029 shares of the information services provider’s stock worth $244,438,000 after acquiring an additional 7,680,288 shares during the period. Vontobel Asset Management Inc. acquired a new stake in shares of JD.Com in the 2nd quarter worth $268,795,000. Dodge & Cox lifted its stake in shares of JD.Com by 20.2% in the 3rd quarter. Dodge & Cox now owns 31,986,772 shares of the information services provider’s stock worth $834,535,000 after acquiring an additional 5,382,080 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in shares of JD.Com in the 3rd quarter worth $96,830,000. Institutional investors own 47.24% of the company’s stock.
JD.Com Company Profile
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 Mall 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; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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