Sunday, June 26, 2022

Investing in JD.com Inc. (JD) Is Getting More Attractive

JP Morgan upgraded its JD.com Inc. [JD] rating to a Neutral from a an Underweight in a research note published on Tuesday, May 16, 2022; the price target was increased to $58 from $40. PT values the company’s stock at a premium of -9.74 to its Tuesday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid March from “an Overweight” to “an Underweight”. Atlantic Equities began covering JD with a “an Overweight” recommendation on January 11, 2022.


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Price Performance Review of JD

On Tuesday, JD.com Inc. [NASDAQ:JD] saw its stock fall -2.42% to $63.65. On the same session, the stock had its day’s lowest price of $61.82, but rose to a high of $65.04. Over the last five days, the stock has gained 8.01%. JD.com Inc. shares have fallen nearly -6.87% since the year began. Nevertheless, the stocks have fallen -10.14% over the past one year. While a 52-week high of $90.41 was reached on 01/20/22, a 52-week low of $40.54 was recorded on 03/14/22. SMA at 50 days reached $56.62, while 200 days put it at $69.36. A total of 18.56 million shares were traded, compared to the trading of 28.56 million shares in the previous session.

Levels Of Support And Resistance For JD Stock

The 24-hour chart illustrates a support level at 61.97, which if violated will result in even more drops to 60.28. On the upside, there is a resistance level at 65.19. A further resistance level may holdings at 66.72. The Relative Strength Index (RSI) on the 14-day chart is 57.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.33%. Stochastics %K at 78.93% indicates the stock is a holding.

How much short interest is there in JD.com Inc.?

A steep rise in short interest was recorded in JD.com Inc. stocks on May 30, 2022, dropping by -14.19 million shares to a total of 16.72 million shares. Yahoo Finance data shows the prior-month short interest on Apr 28, 2022 was 30.91 million shares. There was a decline of -84.87%, which implies that there is a negative sentiment for the stock.

JD.com Inc. [JD] – Who Are The Largest Shareholders?

In filings from Tiger Global Management LLC, it is revealed that the company now owns 48,774,995 shares, or roughly 3.62% of the outstanding JD shares. In other words, the investor’s shares have fallen by -4,954,176 from its previous 13-F filing of 53729171.0. Additionally, Invesco Advisers, Inc. increased 1.37% of its stake after which the total value it holdings stand at $962,423,823, while Dodge & Cox added 27.62% of its stake to hold $771.04 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 1,644,966 shares of JD.com Inc., while Davis Selected Advisers LP bought 1,349,201 shares. At present, HHLR Advisors Ltd. is holding 8,434,471 shares valued at $473.34 million. Fisher Asset Management LLC owned 7,694,638 shares of the company at the time of its most recent 13F filing, worth $431.82 million.

According to FactSet, JD.com Inc.’s share price will average $547.57 in the next year, based on opinions of analysts polled by the firm. This is up nearly 727.49 percent from its previous closing price of $65.23. Analysts expect JD.com Inc. stock to reach the higher price of $770.64, while the lowest price estimate is $371.20. However, 52 analysts have rated JD stock as a Buy in their predictions for 2022. The most recent change occurred on November 03, 2021 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $98 price target.

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