JD.com, Inc. (NASDAQ:JD) Receives $41.36 Average PT from Analysts

JD.com, Inc. (NASDAQ:JD) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $41.36.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Barclays upped their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and cut their price target for the stock from $49.00 to $48.00 in a report on Monday, October 21st.

JD.com Stock Performance

Shares of JD.com stock opened at $35.37 on Thursday. The stock has a market capitalization of $55.78 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The business has a 50-day moving average of $36.19 and a 200 day moving average of $33.16. JD.com has a 12 month low of $20.82 and a 12 month high of $47.82.

Institutional Trading of JD.com

Several institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP raised its stake in JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after acquiring an additional 4,839,700 shares in the last quarter. FMR LLC grew its holdings in shares of JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after purchasing an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after purchasing an additional 2,175,568 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in JD.com during the 3rd quarter worth approximately $73,311,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

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.