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

Shares of JD.com, Inc. (NASDAQ:JD) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $36.4167.

Several research firms recently issued reports on JD. Weiss Ratings upgraded JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. Nomura boosted their price objective on JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Daiwa Securities Group reaffirmed a “hold” rating and issued a $27.00 target price on shares of JD.com in a research note on Tuesday, June 23rd. Morgan Stanley lifted their price target on shares of JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 13th. Finally, Sanford C. Bernstein boosted their price target on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th.

JD.com Stock Performance

JD stock opened at $29.30 on Friday. The company has a 50 day moving average price of $29.13 and a 200 day moving average price of $29.06. JD.com has a fifty-two week low of $24.51 and a fifty-two week high of $36.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87. The stock has a market capitalization of $36.57 billion, a PE ratio of 22.89 and a beta of 0.38.

JD.com (NASDAQ:JD) last released its earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%.The company had revenue of $45.79 billion during the quarter. Analysts forecast that JD.com will post 2.78 EPS for the current year.

More JD.com News

Here are the key news stories impacting JD.com this week:

• Positive Sentiment: JD.com reported second-quarter EPS of $0.92, exceeding the $0.86 consensus estimate, while revenue of $50.99 billion topped forecasts of $50.38 billion. JD.com quarterly earnings results
• Positive Sentiment: Profitability improved, with record retail margins, stronger free cash flow and a reported 21% increase in profit. Losses at the food-delivery operation also narrowed as competitive pressure from Alibaba and Meituan eased. JD.com profit and food-delivery results
• Positive Sentiment: The extended 618 shopping festival helped JD.com exceed revenue expectations, while investments in logistics, international operations and artificial intelligence could support longer-term growth. Reuters JD.com quarterly results
• Neutral Sentiment: JD.com is expanding direct sourcing of Korean consumer products through a new Korean sourcing unit, a move that may broaden its product offering but is unlikely to materially affect near-term results. JD.com Korean sourcing expansion
• Negative Sentiment: Quarterly revenue fell 2.9% year over year to $50.99 billion, breaking a 12-year growth streak and signaling weaker consumer demand. Investors viewed the top-line contraction as more important than the earnings and revenue beats. JD.com revenue growth streak ends
• Negative Sentiment: Zacks Research downgraded JD.com from “strong buy” to “hold,” adding to the cautious reaction following the results. Zacks Research

Institutional Trading of JD.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC acquired a new position in shares of JD.com in the 4th quarter valued at $270,000. Empowered Funds LLC increased its holdings in JD.com by 35.5% in the first quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock valued at $800,000 after purchasing an additional 5,099 shares during the last quarter. Focus Partners Wealth increased its holdings in JD.com by 36.5% in the first quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock valued at $1,184,000 after purchasing an additional 7,701 shares during the last quarter. First Trust Advisors LP lifted its stake in JD.com by 26.2% in the second quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock valued at $4,461,000 after buying an additional 28,339 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in JD.com by 22.4% in the second quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock valued at $2,147,000 after buying an additional 12,053 shares during the period. Institutional investors own 15.98% of the company’s stock.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.