Benchmark Lowers JD.com (NASDAQ:JD) Price Target to $47.00

JD.com (NASDAQ:JD - Get Free Report) had its target price lowered by investment analysts at Benchmark from $53.00 to $47.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the information services provider's stock. Benchmark's price target suggests a potential upside of 40.72% from the stock's current price.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Susquehanna decreased their price objective on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, May 15th. Morgan Stanley decreased their price objective on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. UBS Group decreased their price objective on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, July 10th. Finally, Macquarie restated a "neutral" rating and issued a $35.00 price objective on shares of JD.com in a report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $44.00.

JD.com Price Performance

JD.com stock traded down $0.52 during mid-day trading on Monday, hitting $33.40. 10,453,841 shares of the company traded hands, compared to its average volume of 14,025,195. The stock has a fifty day moving average price of $32.98 and a 200-day moving average price of $36.52. 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 stock has a market cap of $46.65 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 4.44 and a beta of 0.48. JD.com has a one year low of $24.13 and a one year high of $47.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in JD.com in the 2nd quarter valued at about $37,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in JD.com in the 2nd quarter valued at about $335,000. Mirae Asset Global Investments Co. Ltd. increased its stake in JD.com by 26.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,152 shares of the information services provider's stock worth $1,833,000 after purchasing an additional 11,652 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of JD.com by 66.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 21,893 shares of the information services provider's stock valued at $715,000 after purchasing an additional 8,771 shares during the period. Finally, FengHe Fund Management Pte. Ltd. purchased a new position in shares of JD.com in the second quarter valued at approximately $3,395,000. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Company Profile

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.