JD.com (NASDAQ:JD) Given New $37.00 Price Target at Bank of America

JD.com (NASDAQ:JD) had its price objective trimmed by Bank of America from $44.00 to $37.00 in a research note released on Monday,Benzinga reports. The firm currently has a buy rating on the information services provider’s stock.

JD has been the topic of a number of other reports. JPMorgan Chase & Co. cut their target price on shares of JD.com from $48.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 27th. Morgan Stanley lowered their price target on JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Citigroup reaffirmed a “buy” rating and issued a $51.00 price target (down from $56.00) on shares of JD.com in a research note on Monday, April 28th. Benchmark lowered their price target on JD.com from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. Finally, Mizuho lowered their price target on JD.com from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and an average price target of $44.46.

JD.com Stock Down 1.0%

Shares of NASDAQ JD opened at $30.80 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. JD.com has a 12-month low of $24.13 and a 12-month high of $47.82. The company has a market cap of $43.02 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 1.12 and a beta of 0.48. The firm’s 50-day simple moving average is $33.09 and its 200 day simple moving average is $36.57.

Institutional Investors Weigh In On JD.com

Several hedge funds have recently added to or reduced their stakes in JD. FMR LLC increased its position in JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock worth $986,280,000 after buying an additional 13,170,649 shares during the period. Dodge & Cox increased its position in JD.com by 8.0% during the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider’s stock worth $742,748,000 after buying an additional 1,339,508 shares during the period. Invesco Ltd. increased its position in JD.com by 2.0% during the 1st quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider’s stock worth $633,986,000 after buying an additional 295,900 shares during the period. CoreView Capital Management Ltd increased its position in JD.com by 204.8% during the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock worth $221,878,000 after buying an additional 4,299,872 shares during the period. Finally, Voya Investment Management LLC increased its position in JD.com by 63.8% during the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock worth $213,075,000 after buying an additional 2,018,675 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.