Brokerages Set JD.com, Inc. (NASDAQ:JD) PT at $35.83

JD.com, Inc. (NASDAQ:JD) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $35.8333.

Several brokerages have recently commented on JD. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a report on Friday, August 14th. Benchmark restated a “buy” rating on shares of JD.com in a report on Friday, August 14th. Weiss Ratings raised shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. Daiwa Securities Group reiterated a “hold” rating and issued a $27.00 target price on shares of JD.com in a report on Tuesday, June 23rd. Finally, Zacks Research downgraded shares of JD.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th.

Hedge Funds Weigh In On JD.com

Institutional investors and hedge funds have recently modified their holdings of the stock. Binnacle Investments Inc increased its position in JD.com by 365.8% during the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after buying an additional 589 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of JD.com by 1,020.0% during the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after acquiring an additional 1,020 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake 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 valued at $36,000 after acquiring an additional 815 shares in the last quarter. EFG International AG acquired a new stake in JD.com in the 4th quarter worth approximately $36,000. Finally, Inspire Investing LLC acquired a new stake in JD.com in the 4th quarter worth approximately $38,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of NASDAQ JD opened at $27.74 on Tuesday. JD.com has a twelve month low of $24.51 and a twelve month high of $36.86. The company has a current ratio of 1.14, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $34.63 billion, a price-to-earnings ratio of 19.26 and a beta of 0.35. The business has a 50 day simple moving average of $29.44 and a 200-day simple moving average of $29.10.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. JD.com had a net margin of 1.13% and a return on equity of 6.78%. The company had revenue of $50.99 billion for the quarter, compared to analysts’ expectations of $50.38 billion. During the same period in the prior year, the company earned $4.97 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts expect that JD.com will post 2.83 earnings per share for the current year.

About JD.com

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.