JD.com (NASDAQ:JD) Price Target Cut to $36.00 by Analysts at Bank of America

JD.com (NASDAQ:JD) had its price objective lowered by Bank of America from $38.00 to $36.00 in a research report report published on Monday morning,Benzinga reports. Bank of America currently has a buy rating on the information services provider’s stock.

A number of other brokerages also recently weighed in on JD. Citigroup lowered their price objective on shares of JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, January 2nd. Nomura decreased their target price on shares of JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, November 17th. Sanford C. Bernstein reissued an “outperform” rating and set a $38.00 price target on shares of JD.com in a report on Friday, November 14th. Wall Street Zen downgraded JD.com from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Zacks Research cut JD.com from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.71.

JD.com Stock Down 0.2%

JD stock opened at $29.78 on Monday. The stock has a market capitalization of $42.66 billion, a P/E ratio of 10.13, a P/E/G ratio of 6.24 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. JD.com has a 1-year low of $28.21 and a 1-year high of $46.44. The business has a fifty day moving average price of $29.34 and a 200-day moving average price of $31.55.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The company had revenue of $41.98 billion for the quarter, compared to analysts’ expectations of $40.87 billion. During the same period last year, the firm posted $8.68 earnings per share. JD.com’s revenue was up 14.9% compared to the same quarter last year. Equities analysts forecast that JD.com will post 3.91 earnings per share for the current fiscal year.

Institutional Trading of JD.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in JD.com by 0.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,912 shares of the information services provider’s stock worth $1,633,000 after purchasing an additional 354 shares during the period. Quadrant Private Wealth Management LLC raised its position in shares of JD.com by 4.0% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 32,818 shares of the information services provider’s stock valued at $942,000 after buying an additional 1,276 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of JD.com by 381.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 83,093 shares of the information services provider’s stock worth $2,385,000 after buying an additional 65,829 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of JD.com by 11.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,441,095 shares of the information services provider’s stock worth $127,459,000 after acquiring an additional 463,033 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its position in shares of JD.com by 35.9% during the fourth quarter. Aaron Wealth Advisors LLC now owns 9,012 shares of the information services provider’s stock worth $259,000 after acquiring an additional 2,382 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.