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

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

JD has been the topic of several other research reports. Sanford C. Bernstein cut their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Friday. Barclays boosted their price objective 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. JPMorgan Chase & Co. raised their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, JD.com has an average rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Stock Up 0.9 %

Shares of JD opened at $35.33 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $37.54 and a 200 day moving average of $31.57. The company 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 52-week low of $20.82 and a 52-week high of $47.82.

Hedge Funds Weigh In On JD.com

Institutional investors and hedge funds have recently bought and sold shares of the business. Atlas Capital Advisors LLC acquired a new position in JD.com during the second quarter worth $28,000. Huntington National Bank raised its holdings in shares of JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after acquiring an additional 452 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in shares of JD.com in the third quarter valued at about $103,000. Finally, Blue Trust Inc. increased its position in JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after purchasing an additional 2,360 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.