Brokerages Set JD.com, Inc. (NASDAQ:JD) PT at $37.13

Shares of JD.com, Inc. (NASDAQ:JD) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $37.13.

A number of equities analysts have weighed in on JD shares. The Goldman Sachs Group initiated coverage on shares of JD.com in a research note on Thursday, April 25th. They set a “buy” rating and a $37.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a report on Friday, April 5th. Susquehanna dropped their target price on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Bank of America boosted their target price on shares of JD.com from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Nomura dropped their price target on JD.com from $36.00 to $33.00 in a research note on Friday, April 5th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JD. Nordea Investment Management AB boosted its holdings in JD.com by 10.8% in the 4th quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider’s stock worth $12,734,000 after buying an additional 43,175 shares during the period. FIL Ltd grew its position in shares of 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 in the last quarter. Contrarius Investment Management Ltd bought a new stake in JD.com during the 4th quarter valued at approximately $9,384,000. Carmignac Gestion lifted its holdings in JD.com by 3.1% in the 4th quarter. Carmignac Gestion now owns 965,063 shares of the information services provider’s stock worth $27,874,000 after purchasing an additional 29,159 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in JD.com by 234.0% in the 4th quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider’s stock worth $3,063,000 after purchasing an additional 74,269 shares during the period. 15.98% of the stock is currently owned by institutional investors.

JD.com Price Performance

Shares of JD stock opened at $25.76 on Thursday. The business’s fifty day moving average is $28.77 and its 200 day moving average is $26.93. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15. The stock has a market cap of $40.63 billion, a price-to-earnings ratio of 11.76 and a beta of 0.39. JD.com has a twelve month low of $20.82 and a twelve month high of $41.95.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.17. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The firm had revenue of $36.02 billion for the quarter, compared to the consensus estimate of $35.75 billion. Research analysts expect that JD.com will post 3.15 EPS for the current fiscal year.

JD.com Company Profile

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.