JD.com, Inc. (NASDAQ:JD) Receives $43.31 Consensus Price Target from Analysts

Shares of JD.com, Inc. (NASDAQ:JD) have received a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $43.3077.

A number of research analysts have weighed in on the stock. Citigroup assumed coverage on shares of JD.com in a research note on Monday, August 11th. They issued a “buy” rating and a $42.00 price target on the stock. Arete Research lowered shares of JD.com from a “hold” rating to a “strong sell” rating in a research note on Friday, August 1st. Morgan Stanley cut their price target on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. Bank of America cut their price target on shares of JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, July 14th. Finally, Arete downgraded JD.com from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Tuesday, June 24th.

Institutional Trading of JD.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC bought a new position in JD.com in the fourth quarter valued at $270,000. Cetera Investment Advisers lifted its position in JD.com by 18.5% during the 4th quarter. Cetera Investment Advisers now owns 60,634 shares of the information services provider’s stock worth $2,102,000 after buying an additional 9,482 shares in the last quarter. Focus Partners Wealth lifted its position in JD.com by 15.0% during the 4th quarter. Focus Partners Wealth now owns 21,088 shares of the information services provider’s stock worth $766,000 after buying an additional 2,745 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in JD.com by 15.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 93,844 shares of the information services provider’s stock worth $3,253,000 after buying an additional 12,350 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in JD.com by 32.4% during the 4th quarter. Quantinno Capital Management LP now owns 21,315 shares of the information services provider’s stock worth $739,000 after buying an additional 5,210 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Down 3.3%

JD.com stock opened at $33.93 on Tuesday. The company’s 50 day simple moving average is $32.40 and its 200 day simple moving average is $34.27. JD.com has a fifty-two week low of $29.09 and a fifty-two week high of $47.82. The firm has a market capitalization of $47.39 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 3.94 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90.

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.