Analysts Set JD.com, Inc. (NASDAQ:JD) Price Target at $40.36

JD.com, Inc. (NASDAQ:JD) has received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $40.36.

Several brokerages have commented on JD. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a research note on Friday. Sanford C. Bernstein lowered their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Susquehanna reiterated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research note on Monday, August 19th. Barclays raised their price objective 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 shares of JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st.

JD.com Price Performance

Shares of NASDAQ:JD opened at $34.68 on Wednesday. The firm’s 50 day moving average is $38.24 and its two-hundred day moving average is $31.66. JD.com has a 52 week low of $20.82 and a 52 week high of $47.82. The firm has a market capitalization of $54.69 billion, a P/E ratio of 10.97, a PEG ratio of 0.29 and a beta of 0.41. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On JD.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC boosted its stake in JD.com by 86.5% in the 3rd quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider’s stock worth $2,766,000 after purchasing an additional 32,079 shares during the period. Toronto Dominion Bank boosted its stake in JD.com by 62.7% in the 3rd quarter. Toronto Dominion Bank now owns 10,000 shares of the information services provider’s stock worth $400,000 after purchasing an additional 3,854 shares during the period. TT International Asset Management LTD acquired a new position in JD.com in the 3rd quarter worth approximately $15,701,000. Synergy Financial Group LTD acquired a new stake in shares of JD.com during the 3rd quarter valued at $299,000. Finally, Geller Advisors LLC acquired a new stake in shares of JD.com during the 3rd quarter valued at $560,000. Institutional investors and hedge funds 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.