JD.com (NASDAQ:JD) Given New $51.00 Price Target at Citigroup

JD.com (NASDAQ:JD) had its price objective cut by investment analysts at Citigroup from $52.00 to $51.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the information services provider’s stock. Citigroup’s price target suggests a potential upside of 48.51% from the company’s current price.

Several other equities analysts also recently commented on JD. Sanford C. Bernstein decreased their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Susquehanna reiterated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. Benchmark reissued a “buy” rating and issued a $47.00 target price on shares of JD.com in a research report on Friday. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.36.

JD.com Stock Performance

JD stock traded up $0.99 during midday trading on Friday, reaching $34.34. 8,069,539 shares of the company were exchanged, compared to its average volume of 14,969,093. JD.com has a one year low of $20.82 and a one year high of $47.82. The firm has a market capitalization of $54.16 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41. The business has a 50-day moving average price of $37.17 and a two-hundred day moving average price of $31.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90.

JD.com (NASDAQ:JD) last announced its earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $0.79 by $8.57. The business had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. JD.com’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. Equities research analysts forecast that JD.com will post 3.74 EPS for the current year.

Institutional Trading of JD.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. 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 during the last quarter. Lazard Asset Management LLC boosted its stake in shares of JD.com by 30.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after purchasing an additional 1,368,356 shares during the last quarter. Discerene Group LP increased its position in shares of JD.com by 66.0% during the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after buying an additional 2,207,619 shares during the period. Federated Hermes Inc. lifted its holdings in JD.com by 16.4% in the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after buying an additional 603,211 shares during the period. Finally, Fisher Asset Management LLC boosted its position in JD.com by 9.0% during the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock valued at $162,904,000 after acquiring an additional 336,740 shares during the last quarter. 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.