JD.com (NASDAQ:JD) PT Lowered to $31.00

JD.com (NASDAQ:JD) had its target price cut by stock analysts at Loop Capital from $35.00 to $31.00 in a report released on Friday, Benzinga reports. The firm currently has a “hold” rating on the information services provider’s stock. Loop Capital’s price target indicates a potential upside of 10.32% from the company’s previous close.

Several other research analysts have also commented on JD. Nomura decreased their price target on shares of JD.com from $36.00 to $33.00 in a report on Friday, April 5th. Susquehanna decreased their price target on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, April 5th. Macquarie raised shares of JD.com from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $26.00 to $40.00 in a report on Friday, May 17th. JPMorgan Chase & Co. lifted their price target on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a report on Friday, April 5th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $27.00 target price on shares of JD.com in a research note on Thursday, April 18th. Five 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.20.

JD.com Stock Performance

Shares of JD stock opened at $28.10 on Friday. JD.com has a 52 week low of $20.82 and a 52 week high of $41.95. The company has a market cap of $44.32 billion, a PE ratio of 12.83 and a beta of 0.46. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $30.11 and its 200-day simple moving average is $26.97.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.17. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The firm had revenue of $36.02 billion for the quarter, compared to the consensus estimate of $35.75 billion. As a group, equities research analysts anticipate that JD.com will post 3.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Aspex Management HK Ltd acquired a new position in JD.com in the 4th quarter valued at $114,009,000. FIL Ltd grew its stake in JD.com by 124.3% in the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after buying an additional 3,441,605 shares during the last quarter. National Bank of Canada FI boosted its holdings in JD.com by 292.4% in the 4th quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock valued at $120,679,000 after purchasing an additional 3,305,956 shares during the period. Discerene Group LP boosted its holdings in JD.com by 66.0% in the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock valued at $152,147,000 after purchasing an additional 2,207,619 shares during the period. Finally, Polunin Capital Partners Ltd bought a new stake in JD.com in the 1st quarter valued at $41,477,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

About JD.com

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.