Following these proceedings, 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 23.38 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 “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 -0.67% to $44.44. On the same session, the stock had its day’s lowest price of $43.97, but rose to a high of $45.11. Over the last five days, the stock has lost -5.79%. JD.com Inc. shares have fallen nearly -20.83% since the year began. Nevertheless, the stocks have fallen -37.16% over the past one year. While a 52-week high of $73.14 was reached on 01/04/23, a 52-week low of $33.17 was recorded on 02/28/23. SMA at 50 days reached $57.18, while 200 days put it at $55.87. A total of 6.42 million shares were traded, compared to the trading of 8.02 million shares in the previous session.
Levels Of Support And Resistance For JD Stock
The 24-hour chart illustrates a support level at 43.90, which if violated will result in even more drops to 43.37. On the upside, there is a resistance level at 45.04. A further resistance level may holdings at 45.65. The Relative Strength Index (RSI) on the 14-day chart is 23.41, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.42%. Stochastics %K at 2.81% indicates the stock is a buying.
How much short interest is there in JD.com Inc.?
A steep rise in short interest was recorded in JD.com Inc. stocks on Jan 12, 2023, dropping by -4.38 million shares to a total of 13.2 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 17.58 million shares. There was a decline of -33.18%, 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 21,812,150 shares, or roughly 1.59% of the outstanding JD shares. In other words, the investor’s shares have fallen by -8,048,177 from its previous 13-F filing of 29860327.0. Additionally, Invesco Advisers, Inc. decreased -11.15% of its stake after which the total value it holdings stand at $1,094,788,132, while Dodge & Cox reduced -8.37% of its stake to hold $835.44 million in the firm. Over the last quarter, HHLR Advisors Ltd. purchased 259,400 shares of JD.com Inc., while Fidelity Management & Research Co bought -78,268 shares. At present, Macquarie Investment Management B is holding 5,104,455 shares valued at $303.87 million. Fisher Asset Management LLC owned 4,980,535 shares of the company at the time of its most recent 13F filing, worth $296.49 million.
According to FactSet, JD.com Inc.’s share price will average $554.35 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1141.86 percent from its previous closing price of $44.74. Analysts expect JD.com Inc. stock to reach the higher price of $708.99, while the lowest price estimate is $327.23. However, 51 analysts have rated JD stock as an Overweight in their predictions for 2023. 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.