Citigroup Issues Pessimistic Forecast for JD.com (NASDAQ:JD) Stock Price

JD.com (NASDAQ:JD) had its price target decreased by Citigroup from $52.00 to $51.00 in a research note issued to investors on Friday,Benzinga reports. Citigroup currently has a buy rating on the information services provider’s stock.

JD has been the subject of a number of other reports. Barclays lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Susquehanna reiterated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and lowered their price target for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a report on Friday. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Stock Performance

NASDAQ JD opened at $35.33 on Friday. The stock has a fifty day simple moving average of $37.54 and a 200-day simple moving average of $31.57. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The stock has a market cap of $55.72 billion, a PE ratio of 11.18, a P/E/G ratio of 0.39 and a beta of 0.41. JD.com has a twelve month low of $20.82 and a twelve month high of $47.82.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after buying an additional 4,445,277 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after acquiring an additional 4,839,700 shares during the period. Lazard Asset Management LLC raised its position in JD.com by 30.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after purchasing an additional 1,368,356 shares during the last quarter. Discerene Group LP grew its position in JD.com by 66.0% during the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after purchasing an additional 2,207,619 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in JD.com by 16.4% in the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after purchasing an additional 603,211 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.