Analysts Set JD.com, Inc. (NASDAQ:JD) Price Target at $39.67

JD.com, Inc. (NASDAQ:JD) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $39.67.

A number of equities research analysts have commented on the company. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of JD.com in a report on Tuesday, October 15th. Sanford C. Bernstein lowered their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Finally, Susquehanna reissued a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research note on Monday, August 19th.

JD.com Stock Performance

Shares of NASDAQ:JD opened at $41.64 on Friday. The firm’s 50 day simple moving average is $34.02 and its 200-day simple moving average is $30.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. JD.com has a one year low of $20.82 and a one year high of $47.82. The firm has a market cap of $65.67 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 0.61 and a beta of 0.42.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. During the same period last year, the business posted $0.68 EPS. JD.com’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts predict that JD.com will post 3.77 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its holdings in shares of JD.com by 9.8% during the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock valued at $39,887,000 after acquiring an additional 129,763 shares during the period. Seven Grand Managers LLC acquired a new position in JD.com during the 3rd quarter valued at about $16,800,000. M&G Plc acquired a new position in JD.com during the 1st quarter valued at about $22,920,000. Polunin Capital Partners Ltd increased its stake in shares of 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 valued at $82,291,000 after purchasing an additional 447,264 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of JD.com by 55.8% during the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after buying an additional 33,771 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

About JD.com

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.