JD.Com (NASDAQ:JD) Now Covered by Analysts at HSBC

Research analysts at HSBC initiated coverage on shares of JD.Com (NASDAQ:JD) in a research note issued on Monday, The Fly reports. The brokerage set a “buy” rating on the information services provider’s stock.

Other analysts have also recently issued research reports about the stock. 86 Research raised shares of JD.Com from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $41.00 in a research note on Friday, October 11th. ValuEngine upgraded shares of JD.Com from a “strong sell” rating to a “sell” rating in a report on Friday, November 15th. Barclays upgraded JD.Com from an “equal weight” rating to an “overweight” rating and set a $38.00 price target for the company in a research note on Monday, November 25th. Benchmark reissued a “buy” rating and set a $40.00 price objective (up previously from $36.00) on shares of JD.Com in a report on Wednesday, August 14th. Finally, Vertical Group began coverage on JD.Com in a research report on Tuesday, October 22nd. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $35.42.

JD stock opened at $32.93 on Monday. The stock has a market cap of $48.04 billion, a price-to-earnings ratio of -1,097.67 and a beta of 1.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.61. The company has a 50 day simple moving average of $32.11 and a 200 day simple moving average of $30.04. JD.Com has a 1 year low of $19.26 and a 1 year high of $35.43.

Several hedge funds have recently modified their holdings of the company. NEXT Financial Group Inc acquired a new stake in shares of JD.Com during the second quarter worth $25,000. CWM LLC bought a new position in JD.Com during the second quarter worth $26,000. Lindbrook Capital LLC lifted its holdings in JD.Com by 85.5% in the third quarter. Lindbrook Capital LLC now owns 872 shares of the information services provider’s stock valued at $25,000 after buying an additional 402 shares during the period. WealthStone Inc. acquired a new position in JD.Com in the second quarter valued at $28,000. Finally, Quest Capital Management Inc. ADV bought a new stake in JD.Com during the third quarter valued at $28,000. 38.99% of the stock is owned by institutional investors.

About JD.Com

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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The Fly

Analyst Recommendations for JD.Com (NASDAQ:JD)

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