Loop Capital Lowers JD.com (NASDAQ:JD) Price Target to $39.00

JD.com (NASDAQ:JD) had its price objective lowered by Loop Capital from $42.00 to $39.00 in a research note published on Wednesday morning, Marketbeat.com reports. Loop Capital currently has a hold rating on the information services provider’s stock.

A number of other research firms also recently issued reports on JD. Benchmark lifted their price objective on JD.com from $72.00 to $73.00 and gave the stock a buy rating in a research note on Friday, July 14th. Mizuho reduced their price objective on JD.com from $70.00 to $60.00 and set a buy rating on the stock in a research note on Thursday, August 17th. JPMorgan Chase & Co. reduced their price objective on JD.com from $43.00 to $40.00 and set a neutral rating on the stock in a research note on Friday, August 18th. Susquehanna reduced their price objective on JD.com from $40.00 to $38.00 and set a neutral rating on the stock in a research note on Thursday, August 31st. Finally, Bank of America reduced their price objective on JD.com from $56.00 to $51.00 and set a buy rating on the stock in a research note on Thursday, August 17th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $54.33.

JD.com Price Performance

Shares of NASDAQ:JD opened at $32.40 on Wednesday. The firm has a market cap of $45.25 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 0.30 and a beta of 0.54. The firm has a fifty day moving average price of $36.14 and a 200 day moving average price of $37.58. JD.com has a fifty-two week low of $31.57 and a fifty-two week high of $67.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 1.34.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Wednesday, August 16th. The information services provider reported $5.39 earnings per share for the quarter, beating analysts’ consensus estimates of $4.95 by $0.44. The firm had revenue of $287.93 billion during the quarter, compared to analyst estimates of $279.99 billion. JD.com had a return on equity of 10.25% and a net margin of 2.04%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. As a group, sell-side analysts expect that JD.com will post 2.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JD.com

Large investors have recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich purchased a new position in JD.com during the 1st quarter valued at $28,000. Heritage Wealth Management LLC boosted its holdings in JD.com by 81.7% during the 4th quarter. Heritage Wealth Management LLC now owns 656 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 295 shares during the period. Sandy Spring Bank purchased a new position in JD.com during the 1st quarter valued at $35,000. Nemes Rush Group LLC purchased a new stake in shares of JD.com in the 2nd quarter worth $27,000. Finally, Psagot Value Holdings Ltd. Israel purchased a new stake in shares of JD.com in the 1st quarter worth $40,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

About JD.com

JD.com, Inc provides supply chain-based technologies and services 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.