JD.com, Inc. (NASDAQ:JD) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of JD.com, Inc. (NASDAQ:JD) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $41.36.

Several equities research analysts recently weighed in on the company. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $49.00 to $48.00 in a report on Monday, October 21st. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and upped their price target for the company from $43.00 to $46.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Citigroup dropped their target price 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.

JD.com Stock Performance

NASDAQ:JD opened at $37.29 on Friday. JD.com has a 1 year low of $20.82 and a 1 year high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The business has a fifty day simple moving average of $38.81 and a two-hundred day simple moving average of $32.15. The company has a market capitalization of $58.81 billion, a P/E ratio of 11.80, a P/E/G ratio of 0.31 and a beta of 0.38.

Institutional Trading of JD.com

Several institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new stake in shares of JD.com during the 3rd quarter valued at $341,000. Tidal Investments LLC increased its stake in JD.com by 38.7% in the third quarter. Tidal Investments LLC now owns 34,036 shares of the information services provider’s stock valued at $1,361,000 after acquiring an additional 9,500 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in JD.com during the third quarter valued at about $49,000. World Investment Advisors LLC bought a new stake in JD.com during the third quarter worth about $3,170,000. Finally, Virtu Financial LLC boosted its holdings in shares of JD.com by 86.5% in the 3rd quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider’s stock worth $2,766,000 after purchasing an additional 32,079 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

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.