JD.Com (NASDAQ:JD) had its price target reduced by investment analysts at MKM Partners to $41.00 in a research report issued on Monday, The Fly reports. The brokerage currently has a “buy” rating on the information services provider’s stock. MKM Partners’ price target indicates a potential upside of 67.28% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Benchmark lowered their price target on JD.Com from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Stifel Nicolaus lowered their price target on JD.Com from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, August 17th. KeyCorp lowered their price target on JD.Com from $51.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Wells Fargo & Co reaffirmed a “buy” rating and set a $53.00 price target on shares of JD.Com in a report on Tuesday, June 19th. Finally, Nomura lowered their target price on JD.Com from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.59.

Shares of NASDAQ:JD traded down $1.98 during midday trading on Monday, reaching $24.51. 34,511,215 shares of the company’s stock traded hands, compared to its average volume of 15,372,443. The company has a market cap of $31.89 billion, a P/E ratio of 2,451.00 and a beta of 1.40. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.66. JD.Com has a one year low of $24.38 and a one year high of $50.68.

JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.35. The firm had revenue of $122.30 billion for the quarter, compared to the consensus estimate of $122.78 billion. JD.Com had a negative return on equity of 0.96% and a negative net margin of 0.12%. The company’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. sell-side analysts anticipate that JD.Com will post 0.29 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of JD. Benjamin F. Edwards & Company Inc. increased its position in JD.Com by 69.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,347 shares of the information services provider’s stock worth $130,000 after buying an additional 1,375 shares in the last quarter. Canal Capital Management LLC increased its position in JD.Com by 20.6% in the second quarter. Canal Capital Management LLC now owns 8,887 shares of the information services provider’s stock worth $346,000 after buying an additional 1,516 shares in the last quarter. Creative Planning increased its position in JD.Com by 4.5% in the second quarter. Creative Planning now owns 36,065 shares of the information services provider’s stock worth $1,405,000 after buying an additional 1,554 shares in the last quarter. Centaurus Financial Inc. increased its position in JD.Com by 57.1% in the second quarter. Centaurus Financial Inc. now owns 4,417 shares of the information services provider’s stock worth $172,000 after buying an additional 1,606 shares in the last quarter. Finally, GAM Holding AG increased its position in JD.Com by 0.4% in the second quarter. GAM Holding AG now owns 371,723 shares of the information services provider’s stock worth $14,479,000 after buying an additional 1,660 shares in the last quarter. 51.17% of the stock is currently owned by institutional investors.

About JD.Com

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.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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