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

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

A number of other research analysts have also commented on JD. Sanford C. Bernstein lowered their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. Benchmark reissued a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Friday. Barclays raised their target price 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. 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 note on Wednesday, October 16th. Finally, StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Trading Up 4.9 %

Shares of NASDAQ:JD traded up $1.65 on Friday, reaching $35.00. 17,140,243 shares of the company traded hands, compared to its average volume of 15,009,837. The business’s 50-day simple moving average is $37.35 and its 200 day simple moving average is $31.52. 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. The stock has a market capitalization of $55.20 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. The firm had revenue of $291.40 billion for the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 earnings per share. As a group, equities analysts anticipate that JD.com will post 3.74 EPS for the current fiscal year.

Institutional Investors Weigh In On JD.com

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of JD.com by 23.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 18,053 shares of the information services provider’s stock valued at $494,000 after buying an additional 3,422 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of JD.com by 103.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 62,002 shares of the information services provider’s stock worth $1,698,000 after buying an additional 31,563 shares during the last quarter. Discerene Group LP grew its holdings in shares of JD.com by 66.0% in the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after acquiring an additional 2,207,619 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its position in JD.com by 94.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 163,961 shares of the information services provider’s stock valued at $4,488,000 after acquiring an additional 79,852 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

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.