JD.com, Inc. (NASDAQ:JD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of JD.com, Inc. (NASDAQ:JD) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $37.13.

A number of equities analysts have issued reports on JD shares. Morgan Stanley restated an “equal weight” rating and set a $27.00 target price on shares of JD.com in a report on Thursday, April 18th. Mizuho upped their target price on shares of JD.com from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 17th. The Goldman Sachs Group started coverage on shares of JD.com in a research report on Thursday, April 25th. They set a “buy” rating and a $37.00 price target on the stock. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 29th. Finally, Loop Capital dropped their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st.

Hedge Funds Weigh In On JD.com

Several hedge funds and other institutional investors have recently made changes to their positions in JD. Polunin Capital Partners Ltd grew its holdings in JD.com by 6.4% during the second quarter. Polunin Capital Partners Ltd now owns 1,611,653 shares of the information services provider’s stock worth $41,645,000 after purchasing an additional 97,353 shares during the period. Unique Wealth Strategies LLC bought a new position in shares of JD.com during the 2nd quarter worth approximately $172,000. Fifth Third Bancorp increased its holdings in shares of JD.com by 32.3% during the 2nd quarter. Fifth Third Bancorp now owns 18,814 shares of the information services provider’s stock worth $486,000 after acquiring an additional 4,589 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in JD.com during the 2nd quarter valued at $327,000. Finally, Capital Investment Counsel Inc lifted its holdings in JD.com by 20.3% during the 2nd quarter. Capital Investment Counsel Inc now owns 11,850 shares of the information services provider’s stock valued at $306,000 after purchasing an additional 2,000 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Trading Down 1.6 %

Shares of NASDAQ JD opened at $25.76 on Thursday. The company has a 50-day moving average of $28.77 and a two-hundred day moving average of $26.93. JD.com has a 1-year low of $20.82 and a 1-year high of $41.95. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15. The company has a market cap of $40.63 billion, a PE ratio of 11.76 and a beta of 0.39.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.17. The business had revenue of $36.02 billion for the quarter, compared to analysts’ expectations of $35.75 billion. JD.com had a return on equity of 11.43% and a net margin of 2.26%. As a group, equities analysts expect that JD.com will post 3.15 earnings per share for the current fiscal year.

JD.com Company Profile

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.