JD.Com Inc (NASDAQ:JD) Given Average Recommendation of “Buy” by Brokerages

Shares of JD.Com Inc (NASDAQ:JD) have received an average rating of “Buy” from the twenty-six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $33.41.

Several research analysts have commented on JD shares. Citigroup reaffirmed a “buy” rating and set a $43.00 price objective (up from $41.00) on shares of JD.Com in a research note on Wednesday, August 14th. Zacks Investment Research raised shares of JD.Com from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, August 20th. BidaskClub lowered shares of JD.Com from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Jefferies Financial Group started coverage on shares of JD.Com in a research note on Monday, August 5th. They set a “buy” rating and a $36.50 price objective for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $35.00 price objective on shares of JD.Com in a research note on Tuesday, August 13th.

Shares of JD.Com stock traded down $0.27 on Wednesday, hitting $28.72. 1,085,169 shares of the company traded hands, compared to its average volume of 11,019,274. The stock has a market capitalization of $42.02 billion, a P/E ratio of -957.33 and a beta of 1.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 0.91. JD.Com has a 52 week low of $19.21 and a 52 week high of $32.38. The business has a 50-day simple moving average of $30.20 and a 200 day simple moving average of $29.39.

JD.Com (NASDAQ:JD) last posted its quarterly earnings data on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.05 by $0.18. The company had revenue of $150.28 billion during the quarter, compared to analyst estimates of $147.44 billion. JD.Com had a net margin of 1.23% and a return on equity of 7.72%. JD.Com’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 earnings per share. Research analysts expect that JD.Com will post 0.77 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. CWM Advisors LLC raised its holdings in shares of JD.Com by 2.5% in the second quarter. CWM Advisors LLC now owns 16,930 shares of the information services provider’s stock valued at $513,000 after acquiring an additional 407 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in JD.Com by 1.4% in the second quarter. Crossmark Global Holdings Inc. now owns 31,397 shares of the information services provider’s stock worth $951,000 after purchasing an additional 420 shares in the last quarter. Signaturefd LLC raised its holdings in JD.Com by 11.8% in the second quarter. Signaturefd LLC now owns 4,397 shares of the information services provider’s stock worth $133,000 after purchasing an additional 465 shares in the last quarter. Schnieders Capital Management LLC raised its holdings in JD.Com by 7.4% in the second quarter. Schnieders Capital Management LLC now owns 8,750 shares of the information services provider’s stock worth $265,000 after purchasing an additional 600 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in JD.Com by 2.1% in the first quarter. MML Investors Services LLC now owns 30,419 shares of the information services provider’s stock worth $917,000 after purchasing an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 40.12% of the company’s stock.

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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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