HSBC Cuts JD.com (NASDAQ:JD) Price Target to $70.00

JD.com (NASDAQ:JD – Get Rating) had its target price cut by research analysts at HSBC from $82.00 to $70.00 in a research report issued on Friday, The Fly reports. HSBC’s target price suggests a potential upside of 72.97% from the company’s previous close.

Several other equities research analysts also recently commented on JD. Citigroup increased their price objective on shares of JD.com from $60.00 to $96.00 in a research report on Friday, January 6th. Barclays increased their price objective on shares of JD.com from $59.00 to $72.00 in a research report on Monday, November 21st. Finally, Mizuho increased their price objective on shares of JD.com from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, February 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, JD.com currently has a consensus rating of “Hold” and an average price target of $74.36.

JD.com Stock Down 2.9 %

Shares of NASDAQ:JD opened at $40.47 on Friday. JD.com has a 52 week low of $33.17 and a 52 week high of $69.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.30. The company has a market capitalization of $54.80 billion, a PE ratio of 45.47 and a beta of 0.48. The company has a 50 day moving average price of $55.37 and a two-hundred day moving average price of $53.64.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JD. Guardian Wealth Advisors LLC acquired a new stake in JD.com in the third quarter valued at $26,000. James Investment Research Inc. acquired a new stake in JD.com in the fourth quarter valued at $29,000. U.S. Capital Wealth Advisors LLC acquired a new stake in JD.com in the fourth quarter valued at $29,000. Harbor Investment Advisory LLC lifted its stake in JD.com by 43.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 667 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 203 shares during the last quarter. Finally, Heritage Wealth Management LLC lifted its stake in JD.com by 81.7% in the fourth quarter. Heritage Wealth Management LLC now owns 656 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 295 shares during the last quarter. Institutional investors own 17.71% of the company’s stock.

JD.com Company Profile

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JD.com, Inc is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services.