JD.Com (JD) Given New $38.00 Price Target at UBS Group

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JD.Com (NASDAQ:JD) had its price target decreased by stock analysts at UBS Group from $45.00 to $38.00 in a research note issued to investors on Friday, www.benzinga.com reports. The firm presently has a “buy” rating on the information services provider’s stock. UBS Group’s price target would suggest a potential upside of 18.97% from the company’s current price.

Several other analysts also recently weighed in on JD. Nomura dropped their target price on shares of JD.Com from $44.00 to $41.00 and set a “buy” rating for the company in a report on Friday. Benchmark dropped their target price on shares of JD.Com from $48.00 to $43.00 and set a “buy” rating for the company in a report on Friday. KeyCorp set a $43.00 target price on shares of JD.Com and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus decreased their price target on shares of JD.Com from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday. Finally, ValuEngine cut shares of JD.Com from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.36.

JD.Com stock traded down $0.03 during trading on Friday, hitting $31.94. The company had a trading volume of 383,858 shares, compared to its average volume of 14,091,218. JD.Com has a 1-year low of $31.18 and a 1-year high of $50.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.72 and a current ratio of 1.06. The company has a market capitalization of $43.09 billion, a PE ratio of 3,180.00, a price-to-earnings-growth ratio of 7.07 and a beta of 1.49.

JD.Com (NASDAQ:JD) last posted its earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.35. JD.Com had a net margin of 0.31% and a return on equity of 3.62%. The firm had revenue of $122.30 billion during the quarter, compared to the consensus estimate of $122.78 billion. During the same quarter last year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was up 31.2% on a year-over-year basis. equities research analysts forecast that JD.Com will post 0.22 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC purchased a new stake in shares of JD.Com during the 2nd quarter worth $323,000. Torch Wealth Management LLC purchased a new stake in shares of JD.Com during the 2nd quarter worth $277,000. LPL Financial LLC lifted its position in shares of JD.Com by 58.4% during the 1st quarter. LPL Financial LLC now owns 33,007 shares of the information services provider’s stock worth $1,336,000 after purchasing an additional 12,169 shares during the last quarter. Lido Advisors LLC lifted its position in shares of JD.Com by 150.0% during the 1st quarter. Lido Advisors LLC now owns 25,000 shares of the information services provider’s stock worth $1,012,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of JD.Com by 28.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,868,639 shares of the information services provider’s stock worth $150,683,000 after purchasing an additional 862,880 shares during the last quarter. 51.45% of the stock is owned by institutional investors.

JD.Com Company Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

Further Reading: Book Value Per Share – BVPS

Analyst Recommendations for JD.Com (NASDAQ:JD)

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