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

Shares of JD.com, Inc. (NASDAQ:JD) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $41.36.

Several research analysts recently issued reports on the stock. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their target price 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. Benchmark reiterated a “buy” rating and set a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Barclays upped their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st.

JD.com Stock Down 0.7 %

Shares of NASDAQ JD opened at $34.72 on Thursday. The firm has a fifty day simple moving average of $36.69 and a two-hundred day simple moving average of $32.92. JD.com has a 12 month low of $20.82 and a 12 month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $54.76 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39.

Institutional Investors Weigh In On JD.com

Several institutional investors have recently made changes to their positions in JD. Polunin Capital Partners Ltd grew its position in JD.com by 27.8% in the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after acquiring an additional 447,264 shares during the last quarter. Seven Grand Managers LLC bought a new position in shares of JD.com in the third quarter worth about $16,800,000. Citigroup Inc. increased its stake in JD.com by 9.9% in the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock worth $16,012,000 after buying an additional 36,096 shares during the period. SG Americas Securities LLC lifted its holdings 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 buying an additional 33,771 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. boosted its position in JD.com by 5.9% in 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 buying an additional 200,200 shares during the period. Institutional investors own 15.98% of the company’s stock.

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.