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

JD.com, Inc. (NASDAQ:JD) has been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $40.36.

Several brokerages have recently issued reports on JD. Sanford C. Bernstein reduced their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Barclays increased their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and reduced their price target for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. increased their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Susquehanna reissued a “neutral” rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th.

Hedge Funds Weigh In On JD.com

Several hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of JD.com by 103.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 62,002 shares of the information services provider’s stock valued at $1,698,000 after purchasing an additional 31,563 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of JD.com by 94.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 163,961 shares of the information services provider’s stock valued at $4,488,000 after purchasing an additional 79,852 shares during the last quarter. Natixis grew its stake in shares of JD.com by 358.6% in the 1st quarter. Natixis now owns 31,164 shares of the information services provider’s stock valued at $854,000 after purchasing an additional 24,369 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of JD.com by 24.0% in the 1st quarter. Advisors Asset Management Inc. now owns 10,433 shares of the information services provider’s stock valued at $286,000 after purchasing an additional 2,022 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Trading Down 2.0 %

NASDAQ JD opened at $34.68 on Wednesday. The firm’s 50-day moving average is $38.24 and its two-hundred day moving average is $31.65. JD.com has a 12 month low of $20.82 and a 12 month high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The stock has a market capitalization of $54.69 billion, a P/E ratio of 10.97, a PEG ratio of 0.29 and a beta of 0.41.

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.