JD.com (NASDAQ:JD) Price Target Cut to $48.00 by Analysts at Bank of America

JD.com (NASDAQ:JD) had its price objective lowered by investment analysts at Bank of America from $51.00 to $48.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the information services provider’s stock. Bank of America‘s price target points to a potential upside of 28.21% from the stock’s current price.

Several other equities analysts have also weighed in on JD. Benchmark increased their target price on JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Barclays boosted their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Susquehanna reissued a “neutral” rating and set a $45.00 price target (up from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Finally, Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.00.

JD.com Price Performance

JD opened at $37.44 on Wednesday. The company has a fifty day moving average price of $40.39 and a two-hundred day moving average price of $39.08. The firm has a market capitalization of $59.05 billion, a PE ratio of 11.85, a P/E/G ratio of 0.31 and a beta of 0.53. JD.com has a 52 week low of $24.13 and a 52 week high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Richardson Financial Services Inc. bought a new stake in shares of JD.com during the 4th quarter worth approximately $27,000. Brooklyn Investment Group acquired a new position in JD.com during the fourth quarter worth $34,000. Nisa Investment Advisors LLC lifted its stake in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 417 shares during the last quarter. Modus Advisors LLC bought a new position in shares of JD.com in the 4th quarter valued at about $41,000. Finally, Farther Finance Advisors LLC increased its stake in shares of JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after purchasing an additional 684 shares during the last quarter. 15.98% of the stock is 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.