Citigroup Has Lowered Expectations for JD.com (NASDAQ:JD) Stock Price

by · The Cerbat Gem

JD.com (NASDAQ:JD – Get Free Report) had its price target dropped by stock analysts at Citigroup from $44.00 to $37.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the information services provider’s stock. Citigroup’s price objective indicates a potential upside of 25.94% from the company’s previous close.

A number of other equities analysts have also weighed in on JD. Susquehanna reiterated a “neutral” rating on shares of JD.com in a research report on Monday, November 24th. Arete cut shares of JD.com from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a research note on Tuesday, December 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of JD.com in a report on Monday. Wall Street Zen cut shares of JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, Arete Research set a $32.00 price objective on JD.com in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

Check Out Our Latest Stock Analysis on JD

JD.com Price Performance

Shares of NASDAQ:JD opened at $29.38 on Friday. The stock’s 50 day moving average is $30.25 and its 200-day moving average is $31.91. JD.com has a twelve month low of $28.21 and a twelve month high of $46.44. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $42.09 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 6.46 and a beta of 0.40.

JD.com (NASDAQ:JD – Get Free Report) last issued its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The firm had revenue of $41.98 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same period last year, the company earned $8.68 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis. Sell-side analysts forecast that JD.com will post 3.91 EPS for the current fiscal year.

Institutional Trading of JD.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. Binnacle Investments Inc boosted its holdings in shares of JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 589 shares during the last quarter. Stone House Investment Management LLC purchased a new position in JD.com during the 3rd quarter valued at approximately $35,000. Assetmark Inc. raised its holdings in shares of JD.com by 62.0% during the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after acquiring an additional 399 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in JD.com during the second quarter valued at $37,000. Finally, Golden State Wealth Management LLC grew its stake in shares of JD.com by 657.9% in the 3rd quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock worth $40,000 after buying an additional 1,000 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

About JD.com

(Get Free Report)

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.

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