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

JD.com, Inc. (NASDAQ:JD) has been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $41.36.

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

Institutional Trading of JD.com

Several institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Advisers LP raised its position in shares of JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after buying an additional 4,839,700 shares in the last quarter. FMR LLC raised its position in shares of JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after buying an additional 4,445,277 shares in the last quarter. National Bank of Canada FI raised its position in shares of JD.com by 65,089.6% during the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after buying an additional 2,211,095 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of JD.com by 117.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after buying an additional 2,175,568 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of JD.com during the 3rd quarter valued at $73,311,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of NASDAQ JD opened at $40.72 on Monday. JD.com has a twelve month low of $21.18 and a twelve month high of $47.82. The firm has a fifty day simple moving average of $36.93 and a 200 day simple moving average of $34.23. The company has a market capitalization of $64.22 billion, a PE ratio of 12.89, 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.

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.