UBS Group Lowers JD.com (NASDAQ:JD) Price Target to $50.00

JD.com (NASDAQ:JD - Get Free Report) had its price objective reduced by analysts at UBS Group from $58.00 to $50.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the information services provider's stock. UBS Group's price target would indicate a potential upside of 60.15% from the company's current price.

A number of other brokerages have also recently issued reports on JD. Arete Research raised JD.com to a "hold" rating in a report on Tuesday, June 24th. Citigroup reaffirmed a "buy" rating and set a $51.00 price target (down previously from $56.00) on shares of JD.com in a research note on Monday, April 28th. Benchmark cut their price target on JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Wall Street Zen cut shares of JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. lowered their price target on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $45.31.

JD.com Stock Down 1.2%

Shares of JD.com stock traded down $0.38 during trading on Thursday, hitting $31.22. 10,054,661 shares of the stock traded hands, compared to its average volume of 13,952,150. The company has a fifty day moving average price of $33.25 and a two-hundred day moving average price 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 P/E ratio of 7.60, a PEG ratio of 1.18 and a beta of 0.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26.

Institutional Trading of JD.com

Several institutional investors have recently added to or reduced their stakes in JD. Hexagon Capital Partners LLC bought a new stake in JD.com in the first quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of JD.com during the first quarter worth about $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 purchasing an additional 684 shares in the last quarter. GeoWealth Management LLC raised 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 in the last quarter. Finally, Allianz SE purchased a new position in JD.com in the fourth quarter worth about $52,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

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.

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