Susquehanna Lowers JD.com (NASDAQ:JD) Price Target to $30.00

JD.com (NASDAQ:JD) had its price objective lowered by research analysts at Susquehanna from $38.00 to $30.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the information services provider’s stock. Susquehanna’s price target would indicate a potential upside of 4.46% from the stock’s current price.

Several other research analysts have also commented on JD. Mizuho decreased their target price on JD.com from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 17th. Sanford C. Bernstein downgraded JD.com from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $55.00 to $31.00 in a report on Monday, October 16th. Benchmark reiterated a “buy” rating and issued a $67.00 target price on shares of JD.com in a research note on Thursday. The Goldman Sachs Group dropped their price objective on shares of JD.com from $61.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Finally, Loop Capital cut their price target on JD.com from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Wednesday, September 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.57.

JD.com Stock Performance

JD.com stock traded up $1.11 during trading hours on Monday, reaching $28.72. 7,187,816 shares of the stock were exchanged, compared to its average volume of 10,685,333. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 1.34. The stock has a market cap of $40.11 billion, a P/E ratio of 13.61, a P/E/G ratio of 0.26 and a beta of 0.56. JD.com has a 52-week low of $24.01 and a 52-week high of $67.10. The firm’s 50 day moving average is $27.99 and its 200 day moving average is $33.21.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Wednesday, November 15th. The information services provider reported $6.70 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.83. JD.com had a return on equity of 10.48% and a net margin of 2.20%. The business had revenue of $247.70 billion during the quarter, compared to analysts’ expectations of $246.99 billion. During the same quarter last year, the business posted $0.73 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts predict that JD.com will post 2.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JD. Tudor Investment Corp Et Al acquired a new position in JD.com in the 3rd quarter valued at $4,172,000. Morgan Stanley grew its stake in JD.com by 15.8% during the third quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider’s stock worth $270,267,000 after buying an additional 1,265,995 shares in the last quarter. Townsquare Capital LLC raised its position in shares of JD.com by 52.9% in the 3rd quarter. Townsquare Capital LLC now owns 35,676 shares of the information services provider’s stock valued at $1,039,000 after buying an additional 12,346 shares in the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of JD.com during the 3rd quarter worth approximately $2,752,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in JD.com by 20.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,686 shares of the information services provider’s stock valued at $282,000 after acquiring an additional 1,618 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

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.