JD.com, Inc. (NASDAQ:JD) Receives $42.86 Average PT from Analysts

Shares of JD.com, Inc. (NASDAQ:JD) have earned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $42.8571.

Several analysts have recently commented on the stock. UBS Group reduced their price objective on shares of JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, July 10th. Citigroup assumed coverage on JD.com in a research note on Monday, August 11th. They set a “buy” rating and a $42.00 price objective on the stock. Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Arete Research set a $41.00 price objective on JD.com in a report on Friday, September 26th. Finally, Arete raised JD.com from a “sell” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Friday, September 26th.

Institutional Trading of JD.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in JD.com by 23.7% in the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock worth $66,000 after purchasing an additional 308 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in JD.com by 3.8% in the second quarter. SBI Securities Co. Ltd. now owns 8,876 shares of the information services provider’s stock worth $290,000 after purchasing an additional 324 shares during the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of JD.com by 6.0% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 6,630 shares of the information services provider’s stock valued at $232,000 after buying an additional 374 shares in the last quarter. Compagnie Lombard Odier SCmA raised its stake in JD.com by 21.4% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider’s stock valued at $93,000 after purchasing an additional 400 shares during the period. Finally, Capital Investment Counsel Inc raised its stake in JD.com by 6.4% during the 2nd quarter. Capital Investment Counsel Inc now owns 6,759 shares of the information services provider’s stock valued at $221,000 after purchasing an additional 409 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Up 1.3%

Shares of NASDAQ JD opened at $33.14 on Friday. The firm has a market cap of $47.47 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 3.59 and a beta of 0.39. The company has a 50 day simple moving average of $33.09 and a 200 day simple moving average of $33.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. JD.com has a 1 year low of $29.90 and a 1 year high of $46.44.

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.