JD.com, Inc. (NASDAQ:JD) Receives Consensus Rating of “Moderate Buy” from Analysts

JD.com, Inc. (NASDAQ:JD) has earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $41.36.

Several equities analysts have recently weighed in on JD shares. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and decreased their price target for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Barclays increased their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 7th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th.

JD.com Price Performance

NASDAQ JD opened at $33.39 on Thursday. The business has a 50 day simple moving average of $36.29 and a 200 day simple moving average of $33.09. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a market cap of $52.66 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 0.30 and a beta of 0.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Huntington National Bank boosted its stake in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares in the last quarter. SRN Advisors LLC lifted its stake in shares of JD.com by 1.6% in the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock worth $1,288,000 after acquiring an additional 516 shares during the period. Douglass Winthrop Advisors LLC lifted its stake in shares of JD.com by 4.0% in the third quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock worth $849,000 after acquiring an additional 820 shares during the period. QRG Capital Management Inc. lifted its stake in shares of JD.com by 3.1% in the third quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock worth $1,172,000 after acquiring an additional 889 shares during the period. Finally, Atomi Financial Group Inc. lifted its stake in shares of JD.com by 5.7% in the third quarter. Atomi Financial Group Inc. now owns 17,725 shares of the information services provider’s stock worth $709,000 after acquiring an additional 952 shares during the period. Institutional investors 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.