JD.com (NASDAQ:JD) PT Lowered to $47.00 at Benchmark

JD.com (NASDAQ:JD) had its price objective decreased by Benchmark from $55.00 to $47.00 in a research note released on Friday morning, Benzinga reports. Benchmark currently has a buy rating on the information services provider’s stock.

JD has been the topic of several other research reports. Barclays dropped their price objective on shares of JD.com from $41.00 to $40.00 and set an overweight rating on the stock in a research note on Tuesday, July 16th. The Goldman Sachs Group initiated coverage on JD.com in a research note on Thursday, April 25th. They issued a buy rating and a $37.00 price target on the stock. Mizuho lifted their price objective on JD.com from $33.00 to $40.00 and gave the company a buy rating in a research note on Friday, May 17th. Sanford C. Bernstein increased their target price on JD.com from $28.00 to $35.00 and gave the stock a market perform rating in a research note on Friday, May 17th. Finally, Macquarie upgraded JD.com from a neutral rating to an outperform rating and raised their price target for the company from $26.00 to $40.00 in a report on Friday, May 17th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, JD.com has an average rating of Moderate Buy and a consensus price target of $36.93.

JD.com Trading Up 0.9 %

JD opened at $29.54 on Friday. JD.com has a one year low of $20.82 and a one year high of $35.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88. The business has a 50 day simple moving average of $27.05 and a two-hundred day simple moving average of $27.29. The firm has a market capitalization of $46.59 billion, a price-to-earnings ratio of 13.49 and a beta of 0.39.

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

Institutional Investors Weigh In On JD.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JD. Wallace Advisory Group LLC boosted its holdings in JD.com by 9.9% in the 2nd quarter. Wallace Advisory Group LLC now owns 29,369 shares of the information services provider’s stock worth $759,000 after buying an additional 2,652 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of JD.com by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 67,130 shares of the information services provider’s stock worth $1,735,000 after purchasing an additional 1,161 shares in the last quarter. Creative Planning raised its stake in JD.com by 5.1% during the 2nd quarter. Creative Planning now owns 180,458 shares of the information services provider’s stock valued at $4,663,000 after purchasing an additional 8,782 shares during the period. SIH Partners LLLP purchased a new position in JD.com in the 2nd quarter worth approximately $876,000. Finally, Scientech Research LLC bought a new position in JD.com in the 2nd quarter worth approximately $1,649,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.