JD.com, Inc. (NASDAQ:JD) Receives $42.86 Consensus Target Price from Analysts

Shares of JD.com, Inc. (NASDAQ:JD) have received an average rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $42.8571.

JD has been the subject of several research reports. UBS Group cut their price objective on shares of JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, July 10th. Morgan Stanley cut their price objective on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Bank of America cut their price objective on shares of JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, July 14th. Citigroup initiated coverage on shares of JD.com in a research report on Monday, August 11th. They set a “buy” rating and a $42.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of JD.com in a research report on Wednesday, October 8th.

JD.com Trading Up 4.4%

Shares of JD stock opened at $33.25 on Friday. The firm has a 50 day moving average price of $33.02 and a two-hundred day moving average price of $33.46. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $47.63 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 3.60 and a beta of 0.39. JD.com has a 12-month low of $29.90 and a 12-month high of $46.44.

Institutional Investors Weigh In On JD.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of JD.com in the first quarter valued at approximately $32,000. Ameritas Advisory Services LLC acquired a new stake in shares of JD.com in the second quarter valued at approximately $37,000. Union Bancaire Privee UBP SA raised its position in shares of JD.com by 136.0% in the third quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider’s stock valued at $41,000 after buying an additional 680 shares in the last quarter. Finally, Allworth Financial LP increased its stake in JD.com by 158.4% in the second quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 830 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.