JD.com, Inc. (NASDAQ:JD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

JD.com, Inc. (NASDAQ:JD) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $37.20.

Several brokerages recently weighed in on JD. Mizuho raised their target price on shares of JD.com from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, May 17th. Susquehanna reduced their target price on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Sanford C. Bernstein raised their target price on shares of JD.com from $28.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, May 17th. JPMorgan Chase & Co. raised their target price on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a report on Friday, April 5th. Finally, Loop Capital dropped their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st.

Hedge Funds Weigh In On JD.com

A number of hedge funds have recently modified their holdings of the business. Aspex Management HK Ltd purchased a new position in JD.com in the 4th quarter valued at $114,009,000. FIL Ltd grew its position in JD.com by 124.3% in the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after buying an additional 3,441,605 shares during the last quarter. National Bank of Canada FI grew its position in JD.com by 292.4% in the 4th quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock valued at $120,679,000 after buying an additional 3,305,956 shares during the last quarter. Discerene Group LP grew its position in JD.com by 66.0% in the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock valued at $152,147,000 after buying an additional 2,207,619 shares during the last quarter. Finally, Polunin Capital Partners Ltd purchased a new position in JD.com in the 1st quarter valued at $41,477,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Down 4.5 %

Shares of JD opened at $26.26 on Friday. The stock has a market capitalization of $41.42 billion, a PE ratio of 11.99 and a beta of 0.46. JD.com has a 1 year low of $20.82 and a 1 year high of $41.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.88 and a current ratio of 1.15. The company’s 50-day simple moving average is $30.27 and its 200-day simple moving average is $27.00.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.17. The firm had revenue of $36.02 billion for the quarter, compared to analysts’ expectations of $35.75 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. Analysts forecast that JD.com will post 3.08 earnings per share for the current fiscal year.

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.