Citigroup Raises JD.Com (NASDAQ:JD) Price Target to $81.00

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JD.Com (NASDAQ:JD) had its price target boosted by Citigroup from $78.00 to $81.00 in a research note published on Tuesday, The Fly reports. The firm currently has a buy rating on the information services provider’s stock.

A number of other research firms have also issued reports on JD. Stifel Nicolaus upped their target price on shares of JD.Com from $50.00 to $60.00 and gave the stock a hold rating in a report on Friday, July 17th. Bank of America reaffirmed a buy rating and set a $60.00 target price (up previously from $51.00) on shares of JD.Com in a report on Monday, May 18th. ValuEngine lowered shares of JD.Com from a buy rating to a hold rating in a report on Friday, May 1st. Macquarie raised shares of JD.Com from a neutral rating to an outperform rating in a report on Monday. Finally, Nomura upped their price objective on shares of JD.Com from $54.00 to $64.00 and gave the company a buy rating in a report on Monday, May 18th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $62.67.

NASDAQ:JD opened at $73.94 on Tuesday. JD.Com has a fifty-two week low of $27.47 and a fifty-two week high of $74.39. The stock has a market capitalization of $105.86 billion, a PE ratio of 37.16, a P/E/G ratio of 1.80 and a beta of 0.99. The company has a fifty day moving average of $63.10 and a two-hundred day moving average of $50.54. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.69 and a current ratio of 1.20.

JD.Com (NASDAQ:JD) last released its earnings results on Monday, August 17th. The information services provider reported $3.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $3.23. JD.Com had a net margin of 3.34% and a return on equity of 9.53%. The business had revenue of $201.10 billion during the quarter, compared to analyst estimates of $190.02 billion. During the same quarter in the prior year, the firm earned $2.30 earnings per share. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. Research analysts forecast that JD.Com will post 0.86 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Wedbush Securities Inc. raised its stake in JD.Com by 5.0% in the 1st quarter. Wedbush Securities Inc. now owns 6,300 shares of the information services provider’s stock valued at $255,000 after purchasing an additional 300 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in JD.Com by 98.9% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 248,981 shares of the information services provider’s stock valued at $10,083,000 after buying an additional 123,832 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in JD.Com by 4.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 28,876 shares of the information services provider’s stock valued at $1,169,000 after buying an additional 1,266 shares during the period. Canal Capital Management LLC grew its holdings in JD.Com by 2.1% in the 1st quarter. Canal Capital Management LLC now owns 28,148 shares of the information services provider’s stock valued at $1,140,000 after buying an additional 581 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in JD.Com by 39.6% in the 1st quarter. Lindbrook Capital LLC now owns 1,191 shares of the information services provider’s stock valued at $48,000 after buying an additional 338 shares during the period. 42.17% of the stock is owned by institutional investors.

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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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