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

JD.com, Inc. (NASDAQ:JD) has been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, 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 1 year target price among brokers that have issued a report on the stock in the last year is $37.20.

A number of equities research analysts have recently commented on the stock. Susquehanna reduced their target price on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, April 5th. Sanford C. Bernstein increased their target price on shares of JD.com from $28.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, May 17th. Barclays raised their price objective on shares of JD.com from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Macquarie upgraded shares of JD.com from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $26.00 to $40.00 in a research report on Friday, May 17th. Finally, Benchmark restated a “buy” rating and set a $55.00 price objective on shares of JD.com in a research report on Friday, May 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JD. Allspring Global Investments Holdings LLC boosted its stake in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares during the period. Hexagon Capital Partners LLC purchased a new position in shares of JD.com in the first quarter valued at approximately $58,000. CWM LLC boosted its stake in shares of JD.com by 69.3% in the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock valued at $85,000 after purchasing an additional 1,208 shares during the period. Compagnie Lombard Odier SCmA boosted its stake in shares of JD.com by 73.5% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock valued at $111,000 after purchasing an additional 1,631 shares during the period. Finally, Parallel Advisors LLC lifted its stake in JD.com by 20.1% in the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after acquiring an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

JD opened at $27.57 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15. The company has a market cap of $43.48 billion, a price-to-earnings ratio of 12.59 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 firm’s fifty day simple moving average is $30.22 and its two-hundred day simple moving average is $26.99.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, May 16th. The information services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. The business had revenue of $36.02 billion during the quarter, compared to analysts’ expectations of $35.75 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. Equities analysts anticipate that JD.com will post 3.08 earnings per share for the current fiscal 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.