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

JD.com (NASDAQ:JD - Get Free Report) had its target price lowered by research analysts at Bank of America from $51.00 to $48.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the information services provider's stock. Bank of America's target price indicates a potential upside of 38.33% from the company's previous close.

A number of other research analysts have also issued reports on JD. UBS Group set a $51.00 price target on shares of JD.com in a research note on Friday, March 7th. Barclays increased their price target on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Benchmark lifted their price objective on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Susquehanna reaffirmed a "neutral" rating and issued a $45.00 target price (up from $35.00) on shares of JD.com in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $47.00.

JD.com Stock Performance

NASDAQ JD traded down $0.63 on Wednesday, reaching $34.70. The stock had a trading volume of 13,839,001 shares, compared to its average volume of 14,164,771. The stock has a market cap of $54.73 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. JD.com has a 12-month low of $24.13 and a 12-month high of $47.82. The business's 50-day moving average price is $40.02 and its 200 day moving average price is $38.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

Institutional Trading of JD.com

Several large investors have recently bought and sold shares of JD. Richardson Financial Services Inc. acquired a new position in shares of JD.com in the fourth quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in JD.com during the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC raised its position in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after purchasing an additional 417 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of JD.com during the 4th quarter valued at approximately $41,000. Finally, Farther Finance Advisors LLC grew its position in shares of JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after buying an additional 684 shares in the last quarter. Institutional investors and hedge funds 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.