JD.com, Inc. (NASDAQ:JD) Receives $39.67 Average PT from Brokerages

Shares of JD.com, Inc. (NASDAQ:JD) have been given an average rating of “Moderate Buy” by the thirteen research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $39.71.

A number of equities research analysts recently issued reports on JD shares. Sanford C. Bernstein dropped their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 8th. Benchmark restated a “buy” rating and issued a $47.00 target price on shares of JD.com in a research note on Tuesday, October 15th. Barclays increased their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Susquehanna restated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th.

Hedge Funds Weigh In On JD.com

Several large investors have recently made changes to their positions in JD. SRN Advisors LLC grew its position in JD.com by 1.6% during the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock worth $1,288,000 after purchasing an additional 516 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of JD.com by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after acquiring an additional 719 shares in the last quarter. Texas Yale Capital Corp. boosted its position in JD.com by 5.8% during the first quarter. Texas Yale Capital Corp. now owns 13,968 shares of the information services provider’s stock valued at $383,000 after purchasing an additional 760 shares during the last quarter. Henry James International Management Inc. grew its stake in JD.com by 3.6% in the first quarter. Henry James International Management Inc. now owns 22,866 shares of the information services provider’s stock valued at $626,000 after purchasing an additional 786 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in JD.com by 4.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock worth $447,000 after purchasing an additional 797 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Trading Down 0.4 %

JD opened at $40.44 on Friday. JD.com has a one year low of $20.82 and a one year high of $47.82. The stock’s 50 day moving average price is $35.09 and its 200-day moving average price is $30.80. The stock has a market cap of $63.78 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 0.45 and a beta of 0.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating the consensus estimate of $0.79 by $8.57. The firm had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. On average, equities analysts forecast that JD.com will post 3.74 EPS for the current year.

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.