Bank of America Issues Pessimistic Forecast for JD.com (NASDAQ:JD) Stock Price

JD.com (NASDAQ:JD) had its price target decreased by equities researchers at Bank of America from $38.00 to $36.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the information services provider’s stock. Bank of America‘s target price suggests a potential upside of 22.03% from the stock’s previous close.

JD has been the topic of a number of other research reports. Benchmark dropped their target price on JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. HSBC restated a “buy” rating and set a $37.00 target price on shares of JD.com in a research report on Monday, December 29th. Susquehanna reiterated a “neutral” rating on shares of JD.com in a research note on Monday, November 24th. Wall Street Zen lowered JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, Morgan Stanley decreased their price target on JD.com from $28.00 to $24.00 and set an “underweight” rating for the company in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and a consensus target price of $38.71.

JD.com Trading Down 0.9%

Shares of JD.com stock opened at $29.50 on Monday. The firm’s 50 day simple moving average is $29.34 and its two-hundred day simple moving average is $31.54. The firm has a market capitalization of $42.26 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 6.23 and a beta of 0.40. JD.com has a 12-month low of $28.21 and a 12-month high of $46.44. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $41.98 billion for the quarter, compared to analyst estimates of $40.87 billion. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $8.68 earnings per share. Analysts predict that JD.com will post 3.91 EPS for the current year.

Institutional Trading of JD.com

Several institutional investors have recently added to or reduced their stakes in JD. Binnacle Investments Inc boosted its position in shares of JD.com by 365.8% during the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after buying an additional 589 shares during the period. Stone House Investment Management LLC purchased a new stake in JD.com during the third quarter worth about $35,000. Assetmark Inc. lifted its position in shares of JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after purchasing an additional 399 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of JD.com in the second quarter valued at approximately $37,000. Finally, Golden State Wealth Management LLC increased its stake in JD.com by 657.9% during 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 during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

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.