Sanford C. Bernstein Cuts JD.com (NASDAQ:JD) Price Target to $32.00

JD.com (NASDAQ:JD) had its target price lowered by Sanford C. Bernstein from $35.00 to $32.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has a market perform rating on the information services provider’s stock.

Other research analysts have also issued research reports about the company. Mizuho upped their price target on JD.com from $33.00 to $40.00 and gave the company a buy rating in a research report on Friday, May 17th. Morgan Stanley restated an equal weight rating and set a $27.00 target price on shares of JD.com in a report on Thursday, April 18th. Bank of America raised their price target on JD.com from $38.00 to $43.00 and gave the stock a buy rating in a research note on Friday, May 17th. Loop Capital reduced their price objective on shares of JD.com from $35.00 to $31.00 and set a hold rating on the stock in a research report on Friday, June 21st. Finally, Macquarie raised shares of JD.com from a neutral rating to an outperform rating and raised their target price for the stock from $26.00 to $40.00 in a research report on Friday, May 17th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, JD.com has a consensus rating of Moderate Buy and a consensus price target of $36.93.

JD.com Stock Up 0.9 %

Shares of NASDAQ JD opened at $29.54 on Friday. The firm’s fifty day moving average is $27.05 and its 200 day moving average is $27.29. JD.com has a 52 week low of $20.82 and a 52 week high of $35.69. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15. The company has a market cap of $46.59 billion, a price-to-earnings ratio of 13.49 and a beta of 0.39.

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 2.26% and a return on equity of 11.43%. 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. On average, equities research analysts expect that JD.com will post 3.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JD. Atlas Capital Advisors LLC bought a new position in shares of JD.com during the second quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC grew its stake in shares of JD.com by 812.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after buying an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC bought a new position in JD.com during the 1st quarter valued at approximately $58,000. CWM LLC raised its stake in JD.com by 69.3% during the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock valued at $85,000 after buying an additional 1,208 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in JD.com by 20.1% in the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after acquiring an additional 686 shares in the last quarter. 15.98% of the stock is 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.