Citigroup Cuts JD.com (NASDAQ:JD) Price Target to $51.00

JD.com (NASDAQ:JD) had its target price cut by Citigroup from $52.00 to $51.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

JD has been the subject of a number of other research reports. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Friday. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and dropped their target price for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. increased their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Sanford C. Bernstein cut their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Finally, Barclays lifted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Trading Up 4.9 %

NASDAQ JD opened at $35.00 on Friday. The stock has a market cap of $55.20 billion, a P/E ratio of 11.08, a PEG ratio of 0.39 and a beta of 0.41. The company’s fifty day simple moving average is $37.35 and its 200-day simple moving average is $31.56. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. JD.com has a 52 week low of $20.82 and a 52 week high of $47.82.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 3.12% and a return on equity of 14.70%. The company had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same period in the prior year, the company posted $0.68 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts predict that JD.com will post 3.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its stake in shares of JD.com by 41.0% in the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares in the last quarter. Two Sigma Advisers LP raised its holdings in JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after purchasing an additional 4,839,700 shares in the last quarter. Lazard Asset Management LLC lifted its position in JD.com by 30.7% in the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after purchasing an additional 1,368,356 shares during the period. Discerene Group LP boosted its stake in JD.com by 66.0% during the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock valued at $152,147,000 after purchasing an additional 2,207,619 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of JD.com by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after purchasing an additional 603,211 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

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.