JD.com, Inc. (NASDAQ:JD) Receives $40.36 Consensus Target Price from Analysts

JD.com, Inc. (NASDAQ:JD) has received an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $40.36.

Several research firms have commented on JD. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a research report on Friday. Susquehanna reiterated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and lowered their target price for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Finally, Citigroup lowered their target price 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.

Institutional Investors Weigh In On JD.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its position in JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after purchasing an additional 4,445,277 shares during the period. Two Sigma Advisers LP boosted its stake in JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after purchasing an additional 4,839,700 shares in the last quarter. Lazard Asset Management LLC boosted its stake in JD.com by 30.7% in the 1st 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 in the last quarter. Federated Hermes Inc. lifted its stake in 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 acquiring an additional 603,211 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in JD.com by 9.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock valued at $162,904,000 after acquiring an additional 336,740 shares during the period. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

JD stock opened at $34.68 on Wednesday. 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 fifty day simple moving average of $38.24 and a two-hundred day simple moving average of $31.65. The firm has a market capitalization of $54.69 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 0.29 and a beta of 0.41.

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.