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

Shares of JD.com, Inc. (NASDAQ:JD) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $41.92.

Several brokerages have recently commented on JD. Barclays boosted their price objective on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Citigroup lowered their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Benchmark restated a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th.

Institutional Investors Weigh In On JD.com

A number of large investors have recently added to or reduced their stakes in JD. Rhumbline Advisers increased its stake in shares of JD.com by 1.7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock valued at $561,000 after buying an additional 265 shares during the period. Quintet Private Bank Europe S.A. increased its position in JD.com by 4.5% during the 4th quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock valued at $271,000 after purchasing an additional 334 shares during the period. Nisa Investment Advisors LLC raised its holdings in JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of JD.com by 4.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock worth $353,000 after purchasing an additional 436 shares during the period. Finally, Huntington National Bank boosted its stake in shares of JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

NASDAQ:JD opened at $43.92 on Friday. JD.com has a 52-week low of $23.65 and a 52-week high of $47.82. The stock has a fifty day moving average of $38.84 and a 200 day moving average of $36.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The firm has a market capitalization of $69.27 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 0.31 and a beta of 0.43.

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.