JD.com, Inc. (NASDAQ:JD) Receives $40.36 Average Price Target from Brokerages

JD.com, Inc. (NASDAQ:JD) has been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $40.36.

A number of analysts have recently weighed in on the stock. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and dropped their target price for the stock from $49.00 to $48.00 in a report on Monday, October 21st. StockNews.com upgraded JD.com from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. upped their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Finally, Citigroup decreased their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th.

JD.com Stock Up 2.4 %

Shares of NASDAQ JD opened at $35.33 on Wednesday. The firm’s fifty day moving average is $38.57 and its 200 day moving average is $31.69. JD.com has a 52 week low of $20.82 and a 52 week high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a market cap of $55.72 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 0.29 and a beta of 0.41.

Hedge Funds Weigh In On JD.com

A number of hedge funds have recently bought and sold shares of the company. FMR LLC grew its position in JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares during the period. Two Sigma Advisers LP lifted its holdings in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after acquiring an additional 4,839,700 shares during the period. Lazard Asset Management LLC grew its stake in shares of JD.com by 30.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after purchasing an additional 1,368,356 shares during the period. Federated Hermes Inc. increased its position in shares of JD.com by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after purchasing an additional 603,211 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of JD.com by 9.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock worth $162,904,000 after purchasing an additional 336,740 shares during the period. Institutional investors own 15.98% of the company’s stock.

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.