JD.com (NASDAQ:JD) Given New $38.00 Price Target at Benchmark

JD.com (NASDAQ:JD) had its price target cut by research analysts at Benchmark from $42.00 to $38.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. Benchmark’s price target points to a potential upside of 26.80% from the stock’s current price.

A number of other analysts have also weighed in on the company. Citigroup initiated coverage on JD.com in a research note on Monday, August 11th. They set a “buy” rating and a $42.00 price objective for the company. Bank of America cut their price target on shares of JD.com from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Friday. Sanford C. Bernstein reissued an “outperform” rating and issued a $38.00 target price on shares of JD.com in a research note on Friday. Mizuho set a $41.00 price objective on JD.com in a research report on Wednesday, October 22nd. Finally, Arete raised JD.com from a “sell” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.69.

JD.com Stock Performance

Shares of NASDAQ JD traded down $0.74 during trading on Friday, reaching $29.97. 11,156,172 shares of the stock traded hands, compared to its average volume of 13,474,147. The company has a 50-day moving average of $33.60 and a 200-day moving average of $32.96. JD.com has a 52-week low of $29.28 and a 52-week high of $46.44. The stock has a market capitalization of $42.93 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 3.16 and a beta of 0.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90.

Institutional Investors Weigh In On JD.com

A number of institutional investors have recently added to or reduced their stakes in JD. N.E.W. Advisory Services LLC purchased a new position in shares of JD.com in the first quarter worth $32,000. Stone House Investment Management LLC purchased a new stake in JD.com in the 3rd quarter worth $35,000. Assetmark Inc. boosted its holdings in shares of JD.com by 62.0% during the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 399 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of JD.com during the 2nd quarter valued at about $37,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of JD.com by 657.9% in the third quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.