JD.Com’s (JD) Neutral Rating Reiterated at Bank of America

JD.Com Inc (NASDAQ:JD)‘s stock had its “neutral” rating reiterated by investment analysts at Bank of America in a research report issued on Thursday, MarketBeat.Com reports. They currently have a $35.00 price objective on the stock, down from their previous price objective of $38.00. Bank of America’s target price would indicate a potential upside of 31.38% from the company’s previous close.

Several hedge funds and institutional investors have recently added to or reduced their stakes in JD. Hamilton Lane Advisors LLC increased its position in JD.Com by 25.4% in the fourth quarter. Hamilton Lane Advisors LLC now owns 23,413 shares of the company’s stock valued at $755,000 after buying an additional 4,746 shares during the period. Gulf International Bank UK Ltd bought a new position in shares of JD.Com during the fourth quarter worth approximately $1,332,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of JD.Com by 27.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 42,000 shares of the company’s stock worth $1,355,000 after buying an additional 9,000 shares during the last quarter. Quantitative Investment Management LLC increased its position in shares of JD.Com by 125.1% in the fourth quarter. Quantitative Investment Management LLC now owns 42,100 shares of the company’s stock worth $1,358,000 after buying an additional 23,400 shares during the last quarter. Finally, Great West Life Assurance Co. Can bought a new position in shares of JD.Com during the fourth quarter worth approximately $1,482,000.

Other research analysts have also issued reports about the stock. Jefferies Group reissued a “buy” rating and set a $43.00 target price on shares of JD.Com in a research note on Tuesday, December 1st. Vetr lowered shares of JD.Com from a “strong-buy” rating to a “buy” rating and set a $32.90 target price for the company. in a research note on Monday, November 23rd. Brean Capital reissued a “buy” rating and set a $37.00 target price on shares of JD.Com in a research note on Friday, November 20th. HSBC initiated coverage on shares of JD.Com in a research note on Tuesday, November 10th. They set a “buy” rating and a $37.00 target price for the company. Finally, Goldman Sachs initiated coverage on shares of JD.Com in a research note on Friday, November 6th. They set a “buy” rating and a $37.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $36.33.

Shares of JD.Com (NASDAQ:JD) opened at 26.64 on Thursday. The stock has a 50 day moving average of $25.50 and a 200 day moving average of $27.49. JD.Com has a 52-week low of $21.55 and a 52-week high of $38.00. The firm’s market capitalization is $36.44 billion.

JD.Com (NASDAQ:JD) last posted its quarterly earnings results on Tuesday, March 1st. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.05. During the same period last year, the firm posted ($0.04) earnings per share. The business earned $54.60 billion during the quarter, compared to analyst estimates of $51.90 billion. The company’s quarterly revenue was up 57.3% on a year-over-year basis. On average, analysts predict that JD.Com will post $0.96 EPS for the current fiscal year.

JD.com, Inc is an online direct sales company. The Company engages primarily in the sale of electronics and home appliance products and general merchandise products (NASDAQ:JD) sourced from manufacturers, distributors and publishers in People’s republic of China (PRC) on the Internet through its Website jd.com.

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