JD.com, Inc. (NASDAQ:JD) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of JD.com, Inc. (NASDAQ:JD) have been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $45.14.

Several analysts have issued reports on JD shares. Macquarie reissued a “neutral” rating and set a $32.00 target price (down from $52.00) on shares of JD.com in a research note on Friday, October 13th. Mizuho lowered their price target on shares of JD.com from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 17th. Bank of America lowered their price target on shares of JD.com from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, August 17th. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group lowered their price target on shares of JD.com from $61.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th.

Institutional Trading of JD.com

Several hedge funds have recently modified their holdings of JD. Newlands Management Operations LLC grew its stake in shares of JD.com by 277.4% during the second quarter. Newlands Management Operations LLC now owns 9,037,190 shares of the information services provider’s stock valued at $308,439,000 after purchasing an additional 6,642,500 shares during the last quarter. Coronation Fund Managers Ltd. boosted its stake in JD.com by 130.1% in the first quarter. Coronation Fund Managers Ltd. now owns 3,824,164 shares of the information services provider’s stock valued at $167,843,000 after acquiring an additional 2,162,550 shares during the last quarter. Temasek Holdings Private Ltd boosted its stake in JD.com by 110.2% in the second quarter. Temasek Holdings Private Ltd now owns 3,534,973 shares of the information services provider’s stock valued at $120,649,000 after acquiring an additional 1,853,045 shares during the last quarter. Discerene Group LP bought a new position in JD.com in the third quarter valued at approximately $46,889,000. Finally, Price T Rowe Associates Inc. MD bought a new position in JD.com in the first quarter valued at approximately $56,120,000. 15.98% of the stock is owned by institutional investors.

JD.com Price Performance

Shares of NASDAQ:JD opened at $25.76 on Friday. JD.com has a 12 month low of $24.01 and a 12 month high of $67.10. The stock has a market cap of $35.98 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.24 and a beta of 0.56. The stock’s 50 day moving average price is $28.60 and its 200 day moving average price is $33.49. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.34 and a quick ratio of 1.10.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Wednesday, August 16th. The information services provider reported $5.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.95 by $0.44. JD.com had a return on equity of 10.25% and a net margin of 2.04%. The company had revenue of $287.93 billion for the quarter, compared to analysts’ expectations of $279.99 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Equities research analysts anticipate that JD.com will post 2.62 earnings per share for the current fiscal year.

About JD.com

JD.com, Inc provides supply chain-based technologies and services 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.