Citigroup Begins Coverage on JD.com (NASDAQ:JD)

Analysts at Citigroup began coverage on shares of JD.com (NASDAQ:JD) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm set a “buy” rating and a $42.00 price target on the information services provider’s stock. Citigroup’s target price would indicate a potential upside of 30.76% from the stock’s current price.

A number of other research analysts have also commented on JD. JPMorgan Chase & Co. lowered their price objective on JD.com from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, May 27th. Arete lowered shares of JD.com from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Tuesday, June 24th. UBS Group reduced their price objective on shares of JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, July 10th. Morgan Stanley lowered their target price on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. Finally, Wall Street Zen lowered shares of JD.com from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and an average target price of $43.31.

JD.com Price Performance

JD opened at $32.12 on Monday. The stock has a fifty day moving average price of $32.48 and a 200 day moving average price of $36.03. 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 $25.24 and a 1 year high of $47.82. The stock has a market cap of $44.86 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 4.07 and a beta of 0.46.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com during the first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new stake in JD.com in the 1st quarter valued at about $32,000. Ameritas Advisory Services LLC acquired a new stake in shares of JD.com in the second quarter valued at approximately $37,000. Allworth Financial LP lifted its holdings in JD.com by 158.4% during the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 830 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings 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 buying an additional 785 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.