JD.com (NASDAQ:JD) Price Target Lowered to $48.00 at Mizuho

JD.com (NASDAQ:JD) had its target price dropped by analysts at Mizuho from $50.00 to $48.00 in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the information services provider’s stock. Mizuho’s target price would suggest a potential upside of 39.74% from the stock’s current price.

Several other brokerages have also recently issued reports on JD. JPMorgan Chase & Co. upped their target price on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Benchmark decreased their target price on shares of JD.com from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday. UBS Group set a $51.00 target price on shares of JD.com in a research report on Friday, March 7th. Finally, Susquehanna restated a “neutral” rating and set a $45.00 target price (up from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus price target of $47.42.

JD.com Stock Down 3.9%

Shares of NASDAQ JD opened at $34.35 on Wednesday. The firm’s 50-day moving average price is $37.30 and its 200-day moving average price is $37.88. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $54.17 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 0.31 and a beta of 0.56. JD.com has a 12-month low of $24.13 and a 12-month high of $47.82.

Hedge Funds Weigh In On JD.com

A number of hedge funds have recently added to or reduced their stakes in JD. Park Avenue Securities LLC grew its stake in JD.com by 68.8% in the 4th quarter. Park Avenue Securities LLC now owns 38,125 shares of the information services provider’s stock worth $1,322,000 after acquiring an additional 15,542 shares in the last quarter. Ritholtz Wealth Management grew its stake in JD.com by 51.1% in the 4th quarter. Ritholtz Wealth Management now owns 98,898 shares of the information services provider’s stock worth $3,429,000 after acquiring an additional 33,441 shares in the last quarter. Brooklyn Investment Group bought a new position in JD.com in the 4th quarter worth about $34,000. Trium Capital LLP bought a new position in shares of JD.com during the fourth quarter valued at approximately $62,000. Finally, FLC Capital Advisors bought a new position in shares of JD.com during the fourth quarter valued at approximately $202,000. 15.98% of the stock is currently owned by institutional investors.

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.