JD.Com Inc (JD) Receives Consensus Recommendation of “Buy” from Analysts
Shares of JD.Com Inc (NASDAQ:JD) have received a consensus rating of “Buy” from the twenty analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $49.02.
Several analysts have recently issued reports on the company. Vetr upgraded JD.Com from a “buy” rating to a “strong-buy” rating and set a $52.28 price target for the company in a research note on Monday, February 5th. Zacks Investment Research upgraded JD.Com from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a research note on Wednesday. Sanford C. Bernstein reiterated a “market perform” rating and set a $47.00 price target (up previously from $40.00) on shares of JD.Com in a research note on Wednesday, January 31st. Finally, BidaskClub upgraded JD.Com from a “sell” rating to a “hold” rating in a research note on Monday, November 13th.
Shares of JD.Com (JD) traded up $0.83 during midday trading on Friday, reaching $44.55. The company’s stock had a trading volume of 8,431,000 shares, compared to its average volume of 14,657,002. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.30. JD.Com has a 1 year low of $29.40 and a 1 year high of $50.68. The stock has a market capitalization of $66,760.00, a P/E ratio of -669.71 and a beta of 1.52.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Truewealth LLC acquired a new position in JD.Com in the 4th quarter valued at approximately $103,000. Bessemer Group Inc. acquired a new position in JD.Com in the 3rd quarter valued at approximately $101,000. Delpha Capital Management LLC acquired a new position in JD.Com in the 4th quarter valued at approximately $128,000. Northwestern Mutual Wealth Management Co. acquired a new position in JD.Com in the 4th quarter valued at approximately $135,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in JD.Com by 58.3% in the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 3,800 shares of the information services provider’s stock valued at $157,000 after acquiring an additional 1,400 shares in the last quarter. 44.30% of the stock is owned by institutional investors and hedge funds.
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JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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