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

Shares of JD.com, Inc. (NASDAQ:JD) have been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $46.23.

Several equities analysts have commented on JD shares. Citigroup reiterated a “buy” rating and issued a $51.00 price target (down from $56.00) on shares of JD.com in a research note on Monday, April 28th. Macquarie reaffirmed a “neutral” rating and issued a $35.00 target price on shares of JD.com in a research report on Wednesday, April 23rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Arete Research upgraded shares of JD.com to a “hold” rating in a research note on Tuesday, June 24th. Finally, Benchmark cut their target price on JD.com from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th.

JD.com Trading Down 0.7%

JD opened at $32.47 on Thursday. 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 one year low of $24.13 and a one year high of $47.82. The company has a market cap of $51.21 billion, a P/E ratio of 7.90, a PEG ratio of 1.18 and a beta of 0.48. The business’s 50-day simple moving average is $33.31 and its 200-day simple moving average is $36.82.

Hedge Funds Weigh In On JD.com

Several institutional investors have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC acquired a new stake in JD.com during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of JD.com during the first quarter worth approximately $32,000. Farther Finance Advisors LLC lifted its holdings in shares of JD.com by 111.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after purchasing an additional 684 shares during the period. Wayfinding Financial LLC purchased a new position in JD.com in the 1st quarter valued at $56,000. Finally, GeoWealth Management LLC grew its position in JD.com by 129.1% in the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider’s stock valued at $48,000 after buying an additional 785 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.