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

JD.com, Inc. (NASDAQ:JD) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $41.36.

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $46.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. boosted their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Benchmark restated a “buy” rating and set a $47.00 target price on shares of JD.com in a report on Friday, November 15th.

JD.com Trading Down 4.7 %

NASDAQ:JD opened at $33.10 on Thursday. The firm has a market capitalization of $52.20 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.30 and a beta of 0.39. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $36.42 and a 200 day moving average of $33.00. JD.com has a 52 week low of $20.82 and a 52 week high of $47.82.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JD. Polunin Capital Partners Ltd boosted its holdings in JD.com by 27.8% in the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after acquiring an additional 447,264 shares in the last quarter. Seven Grand Managers LLC bought a new position in JD.com in the 3rd quarter worth about $16,800,000. Citigroup Inc. grew its position in JD.com by 9.9% during the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after purchasing an additional 36,096 shares during the last quarter. SG Americas Securities LLC increased its stake in JD.com by 55.8% during the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after purchasing an additional 33,771 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. increased its stake in JD.com by 5.9% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after purchasing an additional 200,200 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.