JD.com (NASDAQ:JD - Get Free Report) had its price target cut by research analysts at Benchmark from $53.00 to $47.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the information services provider's stock. Benchmark's price objective suggests a potential upside of 40.84% from the company's previous close.
Several other research analysts have also issued reports on JD. Macquarie reiterated a "neutral" rating and set a $35.00 price objective on shares of JD.com in a research note on Wednesday, April 23rd. Bank of America dropped their price objective on JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, July 14th. Susquehanna dropped their price objective on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, May 15th. Arete Research upgraded JD.com to a "hold" rating in a research note on Tuesday, June 24th. Finally, Mizuho lowered their target price on JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $44.00.
Check Out Our Latest Analysis on JD.com
JD.com Stock Performance
Shares of JD traded down $0.56 during mid-day trading on Monday, hitting $33.37. The company's stock had a trading volume of 4,894,270 shares, compared to its average volume of 12,771,919. JD.com has a one year low of $24.13 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. The firm has a market capitalization of $46.61 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 4.43 and a beta of 0.48. The stock's 50-day moving average is $32.82 and its two-hundred day moving average is $36.47.
Institutional Investors Weigh In On JD.com
A number of hedge funds have recently added to or reduced their stakes in JD. Parallel Advisors LLC raised its stake in shares of JD.com by 5.9% in the first quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock valued at $223,000 after buying an additional 304 shares during the period. Farther Finance Advisors LLC raised its stake in shares of JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock valued at $66,000 after purchasing an additional 308 shares during the period. Lakeshore Capital Group Inc. raised its stake in shares of JD.com by 2.4% during the 1st quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock valued at $556,000 after purchasing an additional 322 shares during the period. Compagnie Lombard Odier SCmA raised its stake in shares of JD.com by 21.4% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider's stock valued at $93,000 after purchasing an additional 400 shares during the period. Finally, Guinness Asset Management LTD raised its stake in shares of JD.com by 13.5% during the 1st quarter. Guinness Asset Management LTD now owns 3,679 shares of the information services provider's stock valued at $151,000 after purchasing an additional 439 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.
About JD.com
(
Get Free Report)
JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
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