Citigroup Cuts JD.com (NASDAQ:JD) Price Target to $51.00

JD.com (NASDAQ:JD) had its price target dropped by equities researchers at Citigroup from $52.00 to $51.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the information services provider’s stock. Citigroup’s target price would indicate a potential upside of 45.71% from the company’s current price.

Several other equities analysts also recently issued reports on JD. Sanford C. Bernstein cut their target price 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. JPMorgan Chase & Co. increased their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Susquehanna reiterated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Finally, Barclays lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and a consensus target price of $40.36.

JD.com Stock Performance

JD opened at $35.00 on Friday. The company has a market cap of $55.20 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41. 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 firm’s 50-day moving average price is $37.35 and its 200-day moving average price is $31.52. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. During the same quarter in the prior year, the business posted $0.68 EPS. JD.com’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that JD.com will post 3.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JD. Canada Pension Plan Investment Board increased its position in shares of JD.com by 9.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock valued at $39,887,000 after buying an additional 129,763 shares in the last quarter. Polunin Capital Partners Ltd grew its stake in JD.com by 27.8% in the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after acquiring an additional 447,264 shares during the period. Seven Grand Managers LLC purchased a new stake in JD.com in the 3rd quarter worth $16,800,000. SG Americas Securities LLC raised its position in JD.com by 55.8% during the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock worth $3,770,000 after acquiring an additional 33,771 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in JD.com by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after purchasing an additional 63,800 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

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.