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

JD.com, Inc. (NASDAQ:JD) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $41.36.

JD has been the topic of several recent research reports. Citigroup dropped their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $46.00 in a report on Monday, December 9th.

Institutional Trading of JD.com

A number of institutional investors have recently bought and sold shares of JD. Modus Advisors LLC purchased a new stake in JD.com during the 4th quarter valued at about $41,000. Wilmington Savings Fund Society FSB purchased a new stake in JD.com in the third quarter valued at approximately $49,000. Huntington National Bank increased its holdings in JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares during the period. Transamerica Financial Advisors Inc. purchased a new position in JD.com during the 3rd quarter worth approximately $103,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in JD.com by 58.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 1,102 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

JD opened at $34.72 on Thursday. The company has a market capitalization of $54.76 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.30 and a beta of 0.39. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com has a 12-month low of $20.82 and a 12-month high of $47.82. The business’s fifty day simple moving average is $36.69 and its 200-day simple moving average is $32.92.

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.