JD.com (NASDAQ:JD) Earns Buy Rating from Analysts at Citigroup

Investment analysts at Citigroup started coverage on shares of JD.com (NASDAQ:JD) in a research report issued on Monday, MarketBeat Ratings reports. The firm set a “buy” rating and a $42.00 price target on the information services provider’s stock. Citigroup’s price objective would indicate a potential upside of 30.76% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Benchmark decreased their target price on JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. UBS Group decreased their price objective on JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, July 10th. Arete downgraded shares of JD.com from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research report on Tuesday, June 24th. Mizuho lowered their price objective on JD.com from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, May 14th. Finally, Wall Street Zen downgraded shares of JD.com from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.31.

JD.com Price Performance

JD stock opened at $32.12 on Monday. The company’s 50-day moving average price is $32.48 and its two-hundred day moving average price is $36.03. The firm has a market cap of $44.86 billion, a P/E ratio of 7.82, a P/E/G ratio of 4.07 and a beta of 0.46. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. JD.com has a 12 month low of $25.24 and a 12 month high of $47.82.

Institutional Trading of JD.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hexagon Capital Partners LLC bought a new stake in JD.com during the first quarter worth $25,000. N.E.W. Advisory Services LLC bought a new position in JD.com in the 1st quarter valued at $32,000. Ameritas Advisory Services LLC bought a new stake in shares of JD.com during the 2nd quarter worth $37,000. Allworth Financial LP grew its position in JD.com by 158.4% during the second quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock valued at $44,000 after buying an additional 830 shares during the period. Finally, GeoWealth Management LLC increased its holdings in JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider’s stock worth $48,000 after buying an additional 785 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.