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

JD.com (NASDAQ:JD - Get Free Report) had its price target cut by equities research analysts at Morgan Stanley from $39.00 to $28.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the information services provider's stock. Morgan Stanley's target price would suggest a potential downside of 9.97% from the stock's previous close.

A number of other equities research analysts have also recently commented on the company. Bank of America decreased their price target on JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Arete cut JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price target for the company. in a research note on Tuesday, June 24th. Citigroup reiterated a "buy" rating and issued a $51.00 price target (down from $56.00) on shares of JD.com in a research note on Monday, April 28th. JPMorgan Chase & Co. decreased their price target on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. Finally, Mizuho decreased their price target 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 investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $45.31.

JD.com Stock Down 0.4%

JD.com stock traded down $0.12 during midday trading on Thursday, reaching $31.10. The company's stock had a trading volume of 7,745,286 shares, compared to its average volume of 13,929,159. The stock's 50-day simple moving average is $33.15 and its 200-day simple moving average is $36.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. JD.com has a 52-week low of $24.13 and a 52-week high of $47.82. The stock has a market capitalization of $43.44 billion, a P/E ratio of 7.57, a PEG ratio of 1.12 and a beta of 0.48.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after acquiring an additional 13,170,649 shares in the last quarter. Dodge & Cox grew its holdings in JD.com by 8.0% in the first quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider's stock valued at $742,748,000 after purchasing an additional 1,339,508 shares during the period. Invesco Ltd. grew its holdings in JD.com by 2.0% in the first quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider's stock valued at $633,986,000 after purchasing an additional 295,900 shares during the period. Appaloosa LP grew its holdings in JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after purchasing an additional 3,165,885 shares during the period. Finally, CoreView Capital Management Ltd grew its holdings in JD.com by 204.8% in the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock valued at $221,878,000 after purchasing an additional 4,299,872 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

About JD.com

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.