JD.com (NASDAQ:JD) Price Target Lowered to $38.00 at Bank of America

JD.com (NASDAQ:JD) had its price objective lowered by Bank of America from $39.00 to $38.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the information services provider’s stock.

A number of other analysts have also commented on the company. Citigroup began coverage on JD.com in a research note on Monday, August 11th. They set a “buy” rating and a $42.00 price objective on the stock. Morgan Stanley cut shares of JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 price target on the stock. in a research note on Monday, November 10th. Arete upgraded shares of JD.com from a “sell” rating to a “buy” rating and set a $41.00 price target for the company in a report on Friday, September 26th. Weiss Ratings reissued a “hold (c)” rating on shares of JD.com in a research note on Wednesday, October 8th. Finally, Benchmark lowered their target price on shares of JD.com from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.69.

JD.com Price Performance

JD stock traded down $1.40 on Friday, reaching $29.31. The company had a trading volume of 30,493,768 shares, compared to its average volume of 11,551,607. The company’s fifty day moving average is $33.56 and its 200 day moving average is $32.94. The company has a market cap of $41.99 billion, a P/E ratio of 9.97, a PEG ratio of 3.10 and a beta of 0.41. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. JD.com has a 1 year low of $29.01 and a 1 year high of $46.44.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Channing Global Advisors LLC increased its stake in JD.com by 1.9% during the third quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock worth $605,000 after acquiring an additional 321 shares during the last quarter. SBI Securities Co. Ltd. increased its position in JD.com by 3.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 8,876 shares of the information services provider’s stock worth $290,000 after purchasing an additional 324 shares in the last quarter. Aaron Wealth Advisors LLC raised its holdings in JD.com by 6.0% in the third quarter. Aaron Wealth Advisors LLC now owns 6,630 shares of the information services provider’s stock valued at $232,000 after buying an additional 374 shares during the period. Assetmark Inc. lifted its position in JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after buying an additional 399 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in JD.com by 1.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 28,760 shares of the information services provider’s stock worth $1,006,000 after buying an additional 400 shares during the period. 15.98% of the stock is owned by hedge funds and other 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.