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

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

JD has been the topic of several other reports. Susquehanna restated a “neutral” rating and set a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Sanford C. Bernstein reduced their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Barclays lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Price Performance

Shares of NASDAQ JD opened at $35.00 on Friday. The firm has a market cap of $55.20 billion, a P/E ratio of 12.73, a PEG ratio of 0.40 and a beta of 0.41. JD.com has a twelve month low of $20.82 and a twelve month high of $47.82. 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 company has a 50 day moving average of $37.35 and a 200 day moving average of $31.52.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $0.79 by $8.57. The company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. JD.com’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.68 EPS. As a group, research analysts expect that JD.com will post 3.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP grew its stake in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after purchasing an additional 4,839,700 shares during the last quarter. FMR LLC boosted its holdings in shares of JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after buying an additional 4,445,277 shares in the last quarter. National Bank of Canada FI grew its position in shares of JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Discerene Group LP raised its stake in shares of JD.com by 66.0% during the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after acquiring an additional 2,207,619 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after acquiring an additional 2,175,568 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

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.