Nomura Issues Positive Forecast for JD.com (NASDAQ:JD) Stock Price

JD.com (NASDAQ:JD) had its price objective upped by equities research analysts at Nomura from $37.00 to $40.00 in a research report issued on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the information services provider’s stock. Nomura’s price objective indicates a potential upside of 47.98% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Benchmark reiterated a “buy” rating on shares of JD.com in a report on Friday. Citigroup lowered their price target on shares of JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, January 2nd. Bank of America reaffirmed a “buy” rating and issued a $33.00 price objective on shares of JD.com in a research report on Thursday. Arete Research set a $32.00 price objective on shares of JD.com in a research note on Tuesday, December 9th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $38.00 target price on shares of JD.com in a research report on Friday, November 14th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.31.

JD.com Trading Up 6.1%

JD opened at $27.03 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The firm has a market cap of $38.72 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 8.34 and a beta of 0.41. JD.com has a 12 month low of $24.51 and a 12 month high of $45.75. The stock has a fifty day moving average price of $28.29 and a 200-day moving average price of $30.61.

Hedge Funds Weigh In On JD.com

Several hedge funds have recently modified their holdings of JD. FengHe Fund Management Pte. Ltd. increased its stake in JD.com by 106.7% during the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 215,000 shares of the information services provider’s stock valued at $7,521,000 after purchasing an additional 111,000 shares in the last quarter. Aurora Investment Managers LLC. lifted its stake in shares of JD.com by 24.6% during the third quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock worth $9,427,000 after buying an additional 53,223 shares during the period. Creative Planning lifted its stake in shares of JD.com by 121.0% during the second quarter. Creative Planning now owns 378,068 shares of the information services provider’s stock worth $12,340,000 after buying an additional 206,985 shares during the period. Patient Capital Management LLC grew its holdings in shares of JD.com by 6.8% during the third quarter. Patient Capital Management LLC now owns 842,937 shares of the information services provider’s stock valued at $29,486,000 after buying an additional 53,810 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of JD.com by 148.4% during the second quarter. Osaic Holdings Inc. now owns 261,269 shares of the information services provider’s stock valued at $9,392,000 after buying an additional 156,069 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.