Susquehanna Issues Pessimistic Forecast for JD.com (NASDAQ:JD) Stock Price

Key Points

• Susquehanna cut its price target on JD.com from $32.00 to $30.00 and kept a "neutral" rating, implying about a 10.91% upside from the stock's current price.
• Analyst sentiment remains broadly favorable — 10 Buys, 3 Holds and 2 Sells — resulting in a consensus "Moderate Buy" with an average price target of $36.54.
• JD.com traded at $27.05 with a market cap of $38.75B and a P/E of 15.37, is trading below its 50- and 200-day moving averages ($28.29 and $30.61), and institutional investors hold about 15.98% of the shares.

JD.com (NASDAQ:JD - Get Free Report) had its target price lowered by stock analysts at Susquehanna from $32.00 to $30.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the information services provider's stock. Susquehanna's target price indicates a potential upside of 10.91% from the stock's current price.

A number of other equities research analysts also recently commented on the company. Citigroup decreased their target price on JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a report on Friday, January 2nd. HSBC reissued a "buy" rating and set a $37.00 price target on shares of JD.com in a research report on Monday, December 29th. Zacks Research upgraded shares of JD.com from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. Sanford C. Bernstein reissued an "outperform" rating and set a $38.00 target price on shares of JD.com in a report on Friday, November 14th. Finally, Benchmark reiterated a "buy" rating on shares of JD.com in a research note on Friday. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.54.

JD.com Stock Performance

JD.com stock traded up $0.02 during trading hours on Monday, hitting $27.05. 1,787,644 shares of the stock traded hands, compared to its average volume of 10,077,395. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.22 and a quick ratio of 0.91. The firm's 50 day moving average price is $28.29 and its 200-day moving average price is $30.61. The stock has a market capitalization of $38.75 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 8.34 and a beta of 0.41. JD.com has a 1 year low of $24.51 and a 1 year high of $45.75.

Hedge Funds Weigh In On JD.com

Several large investors have recently bought and sold shares of JD. Corient Private Wealth LLC increased its position in shares of JD.com by 158.4% during the fourth quarter. Corient Private Wealth LLC now owns 81,127 shares of the information services provider's stock worth $2,328,000 after purchasing an additional 49,735 shares in the last quarter. Wahed Invest LLC increased its holdings in shares of JD.com by 6.9% in the 4th quarter. Wahed Invest LLC now owns 27,638 shares of the information services provider's stock valued at $793,000 after acquiring an additional 1,776 shares during the period. Mackenzie Financial Corp raised its position in JD.com by 0.8% in the 4th quarter. Mackenzie Financial Corp now owns 290,637 shares of the information services provider's stock valued at $8,328,000 after purchasing an additional 2,168 shares during the last quarter. NewEdge Advisors LLC boosted its stake in JD.com by 34.4% during the 4th quarter. NewEdge Advisors LLC now owns 107,405 shares of the information services provider's stock worth $3,083,000 after purchasing an additional 27,518 shares during the period. Finally, Empowered Funds LLC acquired a new position in JD.com in the fourth quarter valued at $374,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com's business model is its integrated logistics and fulfillment network.

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