JD.com, Inc. (NASDAQ:JD) Receives $41.36 Consensus Target Price from Brokerages

Shares of JD.com, Inc. (NASDAQ:JD) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $41.36.

A number of analysts have recently commented on JD shares. Loop Capital raised 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 research note on Monday, October 21st. Barclays lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and upped their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Friday, November 15th.

Institutional Trading of JD.com

Institutional investors have recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new position in shares of JD.com during the 4th quarter worth $27,000. Brooklyn Investment Group acquired a new position in JD.com during the fourth quarter worth $34,000. Nisa Investment Advisors LLC raised its holdings in JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after buying an additional 417 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of JD.com during the 4th quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com during the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Price Performance

NASDAQ JD opened at $40.17 on Monday. JD.com has a 12 month low of $21.18 and a 12 month high of $47.82. The firm has a market capitalization of $63.35 billion, a PE ratio of 12.71, a P/E/G ratio of 0.30 and a beta of 0.40. The company’s 50 day simple moving average is $37.27 and its 200 day simple moving average is $34.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

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.