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

Shares of JD.com, Inc. (NASDAQ:JD) have been given an average rating of “Moderate Buy” by the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $40.36.

JD has been the subject of a number of research reports. Citigroup dropped their price target on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Benchmark reaffirmed a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. JPMorgan Chase & Co. boosted 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. Barclays raised their price target 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. Finally, Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st.

JD.com Stock Up 2.4 %

Shares of JD opened at $35.33 on Wednesday. JD.com has a one year low of $20.82 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $38.57 and a two-hundred day simple moving average of $31.69. The company has a market cap of $55.72 billion, a P/E ratio of 11.18, a P/E/G ratio of 0.29 and a beta of 0.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JD. Allspring Global Investments Holdings LLC lifted its stake in JD.com by 812.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after purchasing an additional 1,681 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in JD.com by 103.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 62,002 shares of the information services provider’s stock worth $1,698,000 after buying an additional 31,563 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in JD.com by 94.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 163,961 shares of the information services provider’s stock worth $4,488,000 after buying an additional 79,852 shares in the last quarter. Natixis raised its stake in shares of JD.com by 358.6% during the first quarter. Natixis now owns 31,164 shares of the information services provider’s stock worth $854,000 after acquiring an additional 24,369 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of JD.com by 24.0% during the first quarter. Advisors Asset Management Inc. now owns 10,433 shares of the information services provider’s stock worth $286,000 after acquiring an additional 2,022 shares in the last quarter. Hedge funds and other 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.