Morgan Stanley Has Lowered Expectations for JD.com (NASDAQ:JD) Stock Price

JD.com (NASDAQ:JD - Get Free Report) had its target price cut by analysts at Morgan Stanley from $39.00 to $28.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the information services provider's stock. Morgan Stanley's target price points to a potential downside of 10.31% from the stock's current price.

Several other research analysts have also commented on the stock. Benchmark dropped their price target on shares of JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Mizuho lowered their target price on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 14th. JPMorgan Chase & Co. lowered their target price on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Bank of America lowered their target price on shares of JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Arete Research upgraded shares of JD.com to a "hold" rating in a research note on Tuesday, June 24th. Six 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $45.31.

JD.com Stock Down 1.2%

Shares of JD traded down $0.38 during mid-day trading on Thursday, hitting $31.22. 10,054,661 shares of the company's stock were exchanged, compared to its average volume of 13,980,405. The firm has a fifty day moving average of $33.25 and a two-hundred day moving average of $36.67. JD.com has a twelve month low of $24.13 and a twelve month high of $47.82. The stock has a market cap of $49.24 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 1.14 and a beta of 0.48. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18.

Institutional Trading of JD.com

Several hedge funds and other institutional investors have recently bought and sold shares of JD. Hexagon Capital Partners LLC bought a new position in shares of JD.com during the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC bought a new position in shares of JD.com during the 1st quarter worth about $32,000. Farther Finance Advisors LLC lifted its holdings in shares of JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after acquiring an additional 684 shares during the period. GeoWealth Management LLC lifted its holdings in shares of JD.com by 129.1% during the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after acquiring an additional 785 shares during the period. Finally, Allianz SE bought a new position in shares of JD.com during the 4th quarter worth about $52,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.