JD.com, Inc. (NASDAQ:JD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of JD.com, Inc. (NASDAQ:JD) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $38.50.

Several research firms recently weighed in on JD. Weiss Ratings upgraded JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Wall Street Zen upgraded JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Morgan Stanley increased their target price on JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 13th. Benchmark increased their target price on JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd.

JD.com Stock Performance

NASDAQ JD opened at $27.91 on Thursday. The business’s 50-day moving average price is $30.08 and its 200 day moving average price is $29.09. JD.com has a twelve month low of $24.51 and a twelve month high of $36.86. The company has a market capitalization of $34.84 billion, a PE ratio of 21.80 and a beta of 0.39. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22.

JD.com (NASDAQ:JD) last released its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%.The firm had revenue of $45.79 billion for the quarter. On average, research analysts predict that JD.com will post 2.71 earnings per share for the current year.

Hedge Funds Weigh In On JD.com

A number of large investors have recently modified their holdings of JD. Binnacle Investments Inc raised its holdings in shares of JD.com by 365.8% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after purchasing an additional 589 shares during the period. Root Financial Partners LLC raised its holdings in shares of JD.com by 1,020.0% in the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after purchasing an additional 1,020 shares during the period. Assetmark Inc. raised its holdings in shares of JD.com by 62.0% in the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after purchasing an additional 399 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of JD.com by 191.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after purchasing an additional 815 shares during the period. Finally, EFG International AG purchased a new position in shares of JD.com in the 4th quarter worth about $36,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.