Benchmark Trims JD.com (NASDAQ:JD) Target Price to $47.00

JD.com (NASDAQ:JD) had its price target reduced by Benchmark from $55.00 to $47.00 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the information services provider’s stock.

JD has been the topic of several other reports. Sanford C. Bernstein lifted their target price on shares of JD.com from $28.00 to $35.00 and gave the stock a market perform rating in a research report on Friday, May 17th. Morgan Stanley reaffirmed an equal weight rating and set a $27.00 price objective on shares of JD.com in a research report on Thursday, April 18th. Loop Capital lowered their price objective on shares of JD.com from $35.00 to $31.00 and set a hold rating on the stock in a research report on Friday, June 21st. Mizuho boosted their price objective on shares of JD.com from $33.00 to $40.00 and gave the company a buy rating in a research report on Friday, May 17th. Finally, StockNews.com raised shares of JD.com from a buy rating to a strong-buy rating in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, JD.com currently has a consensus rating of Moderate Buy and a consensus price target of $36.93.

JD.com Stock Performance

JD.com stock opened at $29.29 on Friday. The firm’s 50 day simple moving average is $27.05 and its 200-day simple moving average is $27.24. The company has a market cap of $46.19 billion, a P/E ratio of 13.37 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $35.69.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $8.57. The business had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. As a group, equities research analysts predict that JD.com will post 3.15 EPS for the current year.

Institutional Trading of JD.com

A number of institutional investors have recently added to or reduced their stakes in JD. Atlas Capital Advisors LLC acquired a new stake in JD.com in the second quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC lifted its stake in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after buying an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com in the first quarter worth $58,000. CWM LLC lifted its stake in shares of JD.com by 69.3% in the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock worth $85,000 after buying an additional 1,208 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of JD.com by 20.1% in the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after buying an additional 686 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.