Bank of America Lowers JD.com (NASDAQ:JD) Price Target to $36.00

JD.com (NASDAQ:JD) had its price objective cut by stock analysts at Bank of America from $38.00 to $36.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the information services provider’s stock. Bank of America‘s price objective indicates a potential upside of 20.64% from the company’s current price.

A number of other equities analysts have also commented on JD. Benchmark cut their price objective on JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Weiss Ratings restated a “hold (c-)” rating on shares of JD.com in a research report on Monday, December 29th. Mizuho set a $41.00 price objective on shares of JD.com in a research report on Wednesday, October 22nd. Zacks Research lowered shares of JD.com from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Finally, Citigroup decreased their price target on JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a report on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and an average target price of $38.71.

JD.com Stock Down 0.5%

NASDAQ:JD opened at $29.84 on Monday. The company has a market cap of $42.75 billion, a PE ratio of 10.15, a P/E/G ratio of 6.24 and a beta of 0.40. The firm’s 50 day simple moving average is $29.34 and its 200 day simple moving average is $31.56. 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 one year low of $28.21 and a one year high of $46.44.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $41.98 billion during the quarter, compared to the consensus estimate of $40.87 billion. JD.com had a return on equity of 10.99% and a net margin of 2.46%.JD.com’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $8.68 earnings per share. On average, research analysts anticipate that JD.com will post 3.91 earnings per share for the current year.

Institutional Trading of JD.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JD. U.S. Capital Wealth Advisors LLC raised its stake in JD.com by 381.3% during the 4th 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 during the period. Robeco Institutional Asset Management B.V. increased its holdings 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 valued at $127,459,000 after acquiring an additional 463,033 shares in the last quarter. Aaron Wealth Advisors LLC raised 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 purchasing an additional 2,382 shares during the period. Lakeshore Capital Group Inc. lifted its holdings in shares of JD.com by 3.2% in the 4th quarter. Lakeshore Capital Group Inc. now owns 16,401 shares of the information services provider’s stock worth $471,000 after purchasing an additional 515 shares in the last quarter. Finally, Perpetual Ltd grew its position in JD.com by 1.6% in the 4th quarter. Perpetual Ltd now owns 577,410 shares of the information services provider’s stock valued at $16,572,000 after purchasing an additional 9,102 shares during the period. 15.98% of the stock is owned by institutional investors.

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.