Analysts Set JD.com, Inc. (NASDAQ:JD) Target Price at $44.00

Shares of JD.com, Inc. (NASDAQ:JD) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $44.00.

A number of research analysts recently weighed in on JD shares. Arete lowered shares of JD.com from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Tuesday, June 24th. JPMorgan Chase & Co. decreased their price objective on shares of JD.com from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, May 27th. Susquehanna reduced their target price on JD.com from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, May 15th. Mizuho decreased their price target on JD.com from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, May 14th. Finally, Arete Research raised JD.com to a “hold” rating in a research report on Tuesday, June 24th.

Institutional Trading of JD.com

Hedge funds have recently made changes to their positions in the company. Roman Butler Fullerton & Co. bought a new position in shares of JD.com in the second quarter worth $354,000. Rehmann Capital Advisory Group lifted its holdings in JD.com by 6.4% during the 2nd quarter. Rehmann Capital Advisory Group now owns 7,018 shares of the information services provider’s stock worth $229,000 after purchasing an additional 421 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in JD.com during the 2nd quarter worth about $898,000. Coronation Fund Managers Ltd. bought a new position in JD.com in the 2nd quarter worth about $206,000. Finally, Wallace Advisory Group LLC grew its holdings in JD.com by 2.4% during the 2nd quarter. Wallace Advisory Group LLC now owns 28,332 shares of the information services provider’s stock valued at $925,000 after buying an additional 651 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

JD.com Trading Down 1.5%

NASDAQ JD opened at $31.75 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $32.71 and a 200 day simple moving average of $36.41. JD.com has a 12 month low of $24.13 and a 12 month high of $47.82. The firm has a market capitalization of $44.34 billion, a P/E ratio of 7.73, a PEG ratio of 4.21 and a beta of 0.48.

About JD.com

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.