JD.com, Inc. (NASDAQ:JD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of JD.com, Inc. (NASDAQ:JD) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $38.7143.

A number of equities research analysts recently commented on the company. Nomura dropped their price objective on JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a report on Monday, November 17th. Wall Street Zen cut JD.com from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Zacks Research downgraded shares of JD.com from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Sanford C. Bernstein restated an “outperform” rating and set a $38.00 price objective on shares of JD.com in a report on Friday, November 14th. Finally, Citigroup lowered their target price on shares of JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, January 2nd.

JD.com Price Performance

Shares of JD stock opened at $27.27 on Friday. The firm’s 50 day moving average price is $28.81 and its two-hundred day moving average price is $31.01. The stock has a market cap of $39.07 billion, a PE ratio of 9.28, a PEG ratio of 5.87 and a beta of 0.41. JD.com has a 52-week low of $26.95 and a 52-week high of $46.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20.

Institutional Trading of JD.com

Several hedge funds have recently added to or reduced their stakes in the business. SIH Partners LLLP grew its stake in JD.com by 74.1% in the fourth quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock valued at $143,255,000 after acquiring an additional 2,125,212 shares during the period. Marshall Wace LLP lifted its holdings in shares of JD.com by 48.9% during the 2nd quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock valued at $174,166,000 after purchasing an additional 1,753,236 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in shares of JD.com in the 3rd quarter valued at approximately $51,741,000. Crake Asset Management LLP bought a new stake in JD.com during the 2nd quarter worth approximately $41,975,000. Finally, Syquant Capital Sas acquired a new stake in JD.com during the 4th quarter worth approximately $35,323,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.