JD.com (NASDAQ:JD) Given New $50.00 Price Target at UBS Group

JD.com (NASDAQ:JD - Get Free Report) had its price objective decreased by research analysts at UBS Group from $58.00 to $50.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the information services provider's stock. UBS Group's target price points to a potential upside of 60.77% from the company's previous close.

JD has been the topic of several other reports. Morgan Stanley dropped their target price on JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday. Citigroup reissued a "buy" rating and set a $51.00 target price (down from $56.00) on shares of JD.com in a research note on Monday, April 28th. Bank of America decreased their target price on shares of JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Arete Research upgraded JD.com to a "hold" rating in a research report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. lowered their target price on JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Six equities research 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 data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.31.

JD.com Stock Down 0.4%

Shares of JD traded down $0.12 during 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 13,920,979. The company has a market cap of $49.05 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 1.12 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. The company has a fifty day moving average of $33.15 and a two-hundred day moving average of $36.60. JD.com has a twelve month low of $24.13 and a twelve month high of $47.82.

Institutional Investors Weigh In On JD.com

Large investors have recently made changes to their positions in the company. Hexagon Capital Partners LLC purchased a new stake in shares of JD.com in the first quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new position in JD.com during the first quarter valued at $32,000. Farther Finance Advisors LLC lifted its stake in JD.com by 111.6% in 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 in the last quarter. GeoWealth Management LLC boosted its position in 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 purchased a new position in JD.com during the 4th quarter valued at about $52,000. 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.