JD.com, Inc. (NASDAQ:JD) Stock Has Average Price Target of $35.25

Shares of JD.com, Inc. (NASDAQ:JD) have been given a consensus rating of “Moderate Buy” by the fourteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $35.25.

JD has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating on shares of JD.com in a report on Friday, August 14th. Susquehanna lowered their price objective on shares of JD.com from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, August 17th. Zacks Research lowered shares of JD.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Mizuho set a $39.00 target price on shares of JD.com in a research report on Friday, August 14th. Finally, Daiwa Securities Group reiterated a “hold” rating and set a $27.00 target price on shares of JD.com in a research note on Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JD. NFJ Investment Group LLC lifted its position in JD.com by 61.8% in the fourth quarter. NFJ Investment Group LLC now owns 699,518 shares of the information services provider’s stock worth $20,076,000 after purchasing an additional 267,159 shares during the period. Monaco Asset Management SAM increased its holdings in JD.com by 60.0% in the 4th quarter. Monaco Asset Management SAM now owns 160,000 shares of the information services provider’s stock valued at $4,592,000 after buying an additional 60,000 shares during the period. Legal & General Group Plc increased its holdings in JD.com by 4.7% in the 4th quarter. Legal & General Group Plc now owns 1,545,460 shares of the information services provider’s stock valued at $44,346,000 after buying an additional 70,062 shares during the period. Tidal Investments LLC raised its stake in shares of JD.com by 109.1% in the 2nd quarter. Tidal Investments LLC now owns 382,838 shares of the information services provider’s stock valued at $9,755,000 after buying an additional 199,724 shares in the last quarter. Finally, Polymer Capital Management HK LTD lifted its holdings in shares of JD.com by 1,900.0% during the 4th quarter. Polymer Capital Management HK LTD now owns 120,000 shares of the information services provider’s stock worth $3,444,000 after acquiring an additional 114,000 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Trading Up 0.4%

JD.com stock opened at $26.61 on Friday. JD.com has a 52 week low of $24.51 and a 52 week high of $36.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 1.14. The firm has a market capitalization of $33.22 billion, a PE ratio of 18.48 and a beta of 0.35. The business’s 50-day simple moving average is $29.29 and its 200-day simple moving average is $29.13.

JD.com (NASDAQ:JD) last announced its earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $50.99 billion during the quarter, compared to the consensus estimate of $50.38 billion. JD.com had a return on equity of 6.78% and a net margin of 1.13%.The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.97 EPS. Equities research analysts forecast that JD.com will post 2.98 earnings per share for the current year.

About JD.com

JD.com, Inc (NASDAQ: JD) is a China-based technology and e-commerce company that operates an online retail platform serving consumers and businesses. The company sells a broad range of products, including electronics and appliances, general merchandise, groceries, apparel, household goods, and healthcare products. It offers both products sourced directly from suppliers and merchandise sold by third-party merchants through its marketplace.

Founded by Richard Qiangdong Liu in 1998, JD.com initially focused on selling consumer electronics and launched its online retail business in 2004.