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

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

Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Susquehanna reaffirmed a “neutral” rating and set a $45.00 target price (up from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Mizuho increased their price target on JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, Benchmark lifted their price objective on JD.com from $47.00 to $58.00 and gave the company a “buy” rating in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.00.

JD.com Trading Down 1.9 %

JD stock opened at $37.44 on Wednesday. JD.com has a one year low of $24.13 and a one year high of $47.82. The stock has a market cap of $59.05 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The company has a fifty day moving average price of $40.39 and a two-hundred day moving average price of $39.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Richardson Financial Services Inc. acquired a new stake in JD.com during the 4th quarter worth approximately $27,000. Brooklyn Investment Group acquired a new position in shares of JD.com during the fourth quarter worth $34,000. Nisa Investment Advisors LLC grew its stake in shares of 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 worth $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC acquired a new stake in JD.com in the fourth quarter valued at $41,000. Finally, Farther Finance Advisors LLC raised its position in 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 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.