Brokerages Set JD.com, Inc. (NASDAQ:JD) Price Target at $37.20

Shares of JD.com, Inc. (NASDAQ:JD) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $37.20.

Several equities analysts recently commented on the company. The Goldman Sachs Group initiated coverage on JD.com in a research report on Thursday, April 25th. They set a “buy” rating and a $37.00 target price for the company. Macquarie upgraded shares of JD.com from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $26.00 to $40.00 in a research note on Friday, May 17th. Morgan Stanley reiterated an “equal weight” rating and set a $27.00 target price on shares of JD.com in a research report on Thursday, April 18th. Susquehanna reduced their price target on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, April 5th. Finally, HSBC raised their price objective on shares of JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, March 7th.

Institutional Investors Weigh In On JD.com

Several institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. acquired a new stake in shares of JD.com during the third quarter worth $539,000. Envestnet Asset Management Inc. increased its stake in shares of JD.com by 11.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 164,868 shares of the information services provider’s stock valued at $4,803,000 after acquiring an additional 16,531 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of JD.com by 41.8% in the 3rd quarter. Hsbc Holdings PLC now owns 947,809 shares of the information services provider’s stock valued at $27,585,000 after acquiring an additional 279,480 shares during the period. Mariner LLC boosted its stake in JD.com by 6.2% during the 3rd quarter. Mariner LLC now owns 15,965 shares of the information services provider’s stock worth $465,000 after acquiring an additional 925 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in JD.com during the third quarter valued at approximately $444,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Trading Down 1.6 %

Shares of JD.com stock opened at $25.84 on Friday. The company’s fifty day moving average price is $30.29 and its two-hundred day moving average price is $27.01. The firm has a market capitalization of $40.75 billion, a PE ratio of 11.80 and a beta of 0.46. JD.com has a 52-week low of $20.82 and a 52-week high of $41.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.17. The firm had revenue of $36.02 billion during the quarter, compared to analyst estimates of $35.75 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. On average, analysts expect that JD.com will post 3.08 EPS for the current year.

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.