Analysts Set JD.com, Inc. (NASDAQ:JD) Target Price at $41.36

Shares of JD.com, Inc. (NASDAQ:JD) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $41.36.

A number of equities research analysts have recently weighed in on JD shares. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $49.00 to $48.00 in a report on Monday, October 21st. JPMorgan Chase & Co. upped their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Citigroup lowered their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. StockNews.com upgraded JD.com from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Finally, Barclays boosted their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new stake in JD.com during the third quarter worth about $341,000. Tidal Investments LLC boosted its position in shares of JD.com by 38.7% in the 3rd quarter. Tidal Investments LLC now owns 34,036 shares of the information services provider’s stock worth $1,361,000 after purchasing an additional 9,500 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com in the 3rd quarter worth approximately $49,000. World Investment Advisors LLC bought a new position in JD.com during the 3rd quarter valued at approximately $3,170,000. Finally, Virtu Financial LLC raised its stake in JD.com by 86.5% during the third quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider’s stock valued at $2,766,000 after buying an additional 32,079 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

NASDAQ:JD opened at $35.64 on Friday. The company has a market capitalization of $56.21 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.31 and a beta of 0.38. The business has a 50 day moving average of $38.03 and a 200 day moving average of $32.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com has a 1-year low of $20.82 and a 1-year high of $47.82.

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.