JD.com (NASDAQ:JD) Price Target Lowered to $47.00 at Benchmark

JD.com (NASDAQ:JD) had its price target trimmed by Benchmark from $53.00 to $47.00 in a report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the information services provider’s stock.

Several other research analysts have also recently issued reports on the company. Morgan Stanley cut their price objective on JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. JPMorgan Chase & Co. decreased their price objective on JD.com from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, May 27th. Arete lowered JD.com from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Tuesday, June 24th. Citigroup reaffirmed a “buy” rating and issued a $51.00 target price (down from $56.00) on shares of JD.com in a report on Monday, April 28th. Finally, Arete Research upgraded shares of JD.com to a “hold” rating in a report on Tuesday, June 24th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

JD.com Stock Down 1.5%

NASDAQ JD opened at $33.40 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. JD.com has a 1-year low of $24.13 and a 1-year high of $47.82. The company has a market cap of $46.65 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 4.44 and a beta of 0.48. The company has a 50 day moving average of $32.98 and a 200-day moving average of $36.52.

Institutional Trading of JD.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hexagon Capital Partners LLC bought a new stake in JD.com in the first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of JD.com during the first quarter valued at $32,000. Ameritas Advisory Services LLC purchased a new stake in JD.com during the 2nd quarter worth approximately $37,000. Farther Finance Advisors LLC raised its stake in shares of JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after buying an additional 684 shares in the last quarter. Finally, GeoWealth Management LLC boosted its stake in shares of JD.com by 129.1% during the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider’s stock worth $48,000 after acquiring an additional 785 shares in the last quarter. 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.