JD.com, Inc. (NASDAQ:JD) Receives $36.42 Consensus Target Price from Analysts

Shares of JD.com, Inc. (NASDAQ:JD) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $36.4167.

Several brokerages have issued reports on JD. Barclays lowered their price target on shares of JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Zacks Research upgraded shares of JD.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Arete Research set a $37.00 price objective on JD.com in a report on Friday, April 17th. Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Finally, Citigroup upped their target price on JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JD. Binnacle Investments Inc boosted its holdings in shares of JD.com by 365.8% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after buying an additional 589 shares during the last quarter. Root Financial Partners LLC increased its holdings in JD.com by 1,020.0% during the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after buying an additional 1,020 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in JD.com by 191.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after buying an additional 815 shares during the last quarter. EFG International AG bought a new stake in JD.com during the fourth quarter worth $36,000. Finally, Inspire Investing LLC bought a new stake in JD.com during the fourth quarter worth $38,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

NASDAQ:JD opened at $32.97 on Friday. The company has a market cap of $41.16 billion, a P/E ratio of 25.76 and a beta of 0.38. JD.com has a twelve month low of $24.51 and a twelve month high of $36.86. The business has a 50 day moving average price of $28.96 and a two-hundred day moving average price of $29.00. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The business had revenue of $45.79 billion for the quarter. As a group, analysts expect that JD.com will post 2.78 EPS for the current fiscal year.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.