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

Shares of JD.com, Inc. (NASDAQ:JD) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $36.5833.

Several equities research analysts have recently weighed in on JD shares. Sanford C. Bernstein upped their price target on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Susquehanna lifted their price objective on shares of JD.com from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Daiwa Securities Group reissued a “hold” rating and issued a $27.00 price objective on shares of JD.com in a research note on Tuesday, June 23rd. Nomura upped their target price on JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Arete Research set a $37.00 target price on JD.com in a research report on Friday, April 17th.

Institutional Investors Weigh In On JD.com

Hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC bought a new position in JD.com in the fourth quarter worth about $270,000. Empowered Funds LLC boosted its holdings in shares of JD.com by 35.5% in the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock valued at $800,000 after buying an additional 5,099 shares in the last quarter. Focus Partners Wealth grew its position in shares of JD.com by 36.5% in the 1st quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock worth $1,184,000 after buying an additional 7,701 shares during the last quarter. First Trust Advisors LP grew its position in shares of JD.com by 26.2% in the 2nd quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock worth $4,461,000 after buying an additional 28,339 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of JD.com by 22.4% during the 2nd quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock worth $2,147,000 after acquiring an additional 12,053 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Performance

JD stock opened at $28.20 on Monday. JD.com has a 1-year low of $24.51 and a 1-year high of $36.86. The business has a 50-day moving average price of $28.88 and a 200 day moving average price of $28.75. The company has a market capitalization of $35.20 billion, a P/E ratio of 22.03 and a beta of 0.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87.

JD.com (NASDAQ:JD) last issued its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $45.79 billion for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. As a group, equities research analysts forecast that JD.com will post 2.77 EPS for the current fiscal year.

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.