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

JD.com, Inc. (NASDAQ:JD) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $36.93.

Several analysts have recently issued reports on JD shares. Susquehanna reissued a “neutral” rating and set a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Loop Capital reduced their price objective on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. JPMorgan Chase & Co. raised shares of JD.com from a “neutral” rating to an “overweight” rating and raised their target price for the company from $33.00 to $36.00 in a report on Friday, August 16th. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Sanford C. Bernstein decreased 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.

Institutional Trading of JD.com

A number of hedge funds have recently made changes to their positions in the company. FIL Ltd grew its stake in JD.com by 124.3% during the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after purchasing an additional 3,441,605 shares during the period. Lazard Asset Management LLC grew its holdings in JD.com by 30.7% in the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after purchasing an additional 1,368,356 shares during the period. Discerene Group LP raised its stake in JD.com by 66.0% during the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after buying an additional 2,207,619 shares during the period. Federated Hermes Inc. boosted its holdings in JD.com by 16.4% in the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock worth $110,601,000 after acquiring an additional 603,211 shares in the last quarter. Finally, Aspex Management HK Ltd acquired a new stake in JD.com in the fourth quarter valued at approximately $114,009,000. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Performance

NASDAQ JD opened at $46.97 on Tuesday. The firm has a 50-day moving average price of $29.14 and a two-hundred day moving average price of $28.78. JD.com has a 12-month low of $20.82 and a 12-month high of $47.00. The company has a market capitalization of $74.08 billion, a P/E ratio of 21.45, a P/E/G ratio of 0.45 and a beta of 0.42. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts anticipate that JD.com will post 3.74 earnings per share for the current year.

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.