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

Shares of JD.com, Inc. (NASDAQ:JD) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $44.00.

A number of equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of JD.com from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Mizuho dropped their target price on shares of JD.com from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, May 14th. JPMorgan Chase & Co. lowered their price target on shares of JD.com from $48.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, May 27th. Arete Research upgraded shares of JD.com to a “hold” rating in a research report on Tuesday, June 24th. Finally, UBS Group lowered their price target on shares of JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, July 10th.

Institutional Trading of JD.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock valued at $986,280,000 after purchasing an additional 13,170,649 shares during the last quarter. Dodge & Cox increased its holdings in shares of JD.com by 8.0% in the first quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider’s stock valued at $742,748,000 after purchasing an additional 1,339,508 shares during the last quarter. Invesco Ltd. increased its holdings in shares of JD.com by 2.0% in the first quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider’s stock valued at $633,986,000 after purchasing an additional 295,900 shares during the last quarter. CoreView Capital Management Ltd increased its holdings in shares of JD.com by 204.8% in the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock valued at $221,878,000 after purchasing an additional 4,299,872 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of JD.com by 63.8% in the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock valued at $213,075,000 after acquiring an additional 2,018,675 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Trading Down 0.9%

Shares of JD opened at $33.18 on Monday. The stock has a fifty day moving average price of $32.80 and a two-hundred day moving average price of $36.47. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. JD.com has a 52-week low of $24.13 and a 52-week high of $47.82. The company has a market cap of $46.34 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 4.34 and a beta of 0.48.

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.