Barclays Cuts JD.com (NASDAQ:JD) Price Target to $41.00

JD.com (NASDAQ:JD) had its price objective lowered by Barclays from $43.00 to $41.00 in a research report report published on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the information services provider’s stock.

Other equities research analysts have also issued reports about the company. Morgan Stanley increased their price target on JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Arete Research set a $37.00 target price on JD.com in a report on Friday, April 17th. Finally, Zacks Research upgraded JD.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.42.

JD.com Price Performance

NASDAQ:JD opened at $29.62 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22. The firm has a market cap of $36.97 billion, a PE ratio of 23.14 and a beta of 0.40. JD.com has a 12 month low of $24.51 and a 12 month high of $36.86. The company’s 50-day moving average price is $28.79 and its two-hundred day moving average price is $28.75.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The company had revenue of $45.79 billion during the quarter. On average, equities analysts anticipate that JD.com will post 2.78 EPS for the current fiscal year.

Institutional Trading of JD.com

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Binnacle Investments Inc lifted its holdings in JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after buying an additional 589 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of JD.com by 1,020.0% in the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after buying an additional 1,020 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of JD.com by 191.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after buying an additional 815 shares during the period. EFG International AG bought a new stake in shares of JD.com during the fourth quarter worth $36,000. Finally, Inspire Investing LLC bought a new stake in shares of JD.com during the fourth quarter worth $38,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.