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

Shares of JD.com, Inc. (NASDAQ:JD) have been given a consensus rating of “Moderate Buy” by the sixteen analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $38.7143.

Several brokerages have recently commented on JD. Arete Research set a $32.00 target price on shares of JD.com in a research report on Tuesday, December 9th. Sanford C. Bernstein reissued an “outperform” rating and issued a $38.00 price objective on shares of JD.com in a research note on Friday, November 14th. HSBC restated a “buy” rating and set a $37.00 price objective on shares of JD.com in a research report on Monday, December 29th. Nomura reduced their target price on JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Finally, Susquehanna reissued a “neutral” rating on shares of JD.com in a report on Monday, November 24th.

Institutional Trading of JD.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. FengHe Fund Management Pte. Ltd. raised its position in JD.com by 106.7% during the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 215,000 shares of the information services provider’s stock worth $7,521,000 after purchasing an additional 111,000 shares during the last quarter. Nordea Investment Management AB raised its position in shares of JD.com by 2.3% during the second quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock worth $20,291,000 after acquiring an additional 13,755 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of JD.com in the second quarter worth approximately $898,000. Creative Planning boosted its holdings in JD.com by 121.0% in the second quarter. Creative Planning now owns 378,068 shares of the information services provider’s stock valued at $12,340,000 after acquiring an additional 206,985 shares during the last quarter. Finally, Monaco Asset Management SAM increased its position in JD.com by 214.3% during the 2nd quarter. Monaco Asset Management SAM now owns 110,000 shares of the information services provider’s stock valued at $3,590,000 after purchasing an additional 75,000 shares during the period. 15.98% of the stock is currently owned by institutional investors.

JD.com Price Performance

Shares of NASDAQ JD opened at $27.52 on Friday. The business has a fifty day moving average price of $29.06 and a two-hundred day moving average price of $31.17. The stock has a market capitalization of $39.42 billion, a PE ratio of 9.36, a P/E/G ratio of 6.06 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. JD.com has a fifty-two week low of $27.02 and a fifty-two week high of $46.44.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The company had revenue of $41.98 billion for the quarter, compared to analysts’ expectations of $40.87 billion. During the same quarter last year, the business earned $8.68 earnings per share. JD.com’s revenue was up 14.9% on a year-over-year basis. As a group, equities analysts predict that JD.com will post 3.91 earnings per share for the current fiscal year.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.