JD.com, Inc. (NASDAQ:JD) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of JD.com, Inc. (NASDAQ:JD) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $37.13.

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, April 5th. The Goldman Sachs Group began coverage on shares of JD.com in a research report on Thursday, April 25th. They issued a “buy” rating and a $37.00 target price for the company. Susquehanna cut their price target on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, April 5th. Sanford C. Bernstein upped their price target on shares of JD.com from $28.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, May 17th. Finally, Nomura cut their price target on shares of JD.com from $36.00 to $33.00 in a report on Friday, April 5th.

Institutional Trading of JD.com

Hedge funds have recently bought and sold shares of the company. Aspex Management HK Ltd purchased a new stake in shares of JD.com in the fourth quarter worth approximately $114,009,000. FIL Ltd increased its holdings in JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after buying an additional 3,441,605 shares during the last quarter. National Bank of Canada FI grew its holdings in JD.com by 292.4% during the fourth quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock valued at $120,679,000 after purchasing an additional 3,305,956 shares during the last quarter. Discerene Group LP grew its holdings in JD.com by 66.0% during the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock valued at $152,147,000 after purchasing an additional 2,207,619 shares during the last quarter. Finally, Polunin Capital Partners Ltd acquired a new position in JD.com during the first quarter valued at approximately $41,477,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Up 2.2 %

JD.com stock opened at $26.85 on Thursday. The company has a 50-day simple moving average of $29.07 and a 200-day simple moving average of $26.94. The firm has a market capitalization of $42.35 billion, a P/E ratio of 12.26 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.88 and a current ratio of 1.15. JD.com has a one year low of $20.82 and a one year high of $41.95.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.56 by $0.17. The business 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%. As a group, equities analysts expect that JD.com will post 3.15 earnings per share 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.