Analysts Set JD.com, Inc. (NASDAQ:JD) Price Target at $41.36

Shares of JD.com, Inc. (NASDAQ:JD - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $41.36.

Several equities analysts recently issued reports on the company. Citigroup reduced their price target on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Benchmark restated a "buy" rating and issued a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and lowered their price target for the company from $49.00 to $48.00 in a report on Monday, October 21st. JPMorgan Chase & Co. raised their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Finally, Barclays upped their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th.

JD.com Trading Up 0.5 %

NASDAQ JD traded up $0.20 during trading on Monday, hitting $40.01. 5,353,965 shares of the company's stock traded hands, compared to its average volume of 10,267,493. The firm has a market cap of $63.10 billion, a P/E ratio of 12.66, a PEG ratio of 0.30 and a beta of 0.40. The stock has a fifty day moving average of $37.21 and a two-hundred day moving average of $34.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com has a 12-month low of $21.18 and a 12-month high of $47.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in JD.com in the fourth quarter worth about $2,363,000. Aigen Investment Management LP increased its position in shares of JD.com by 315.5% during the fourth quarter. Aigen Investment Management LP now owns 33,129 shares of the information services provider's stock valued at $1,149,000 after acquiring an additional 25,155 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in JD.com by 46.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,432,970 shares of the information services provider's stock worth $84,351,000 after acquiring an additional 771,613 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in JD.com by 91.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,156 shares of the information services provider's stock valued at $75,000 after acquiring an additional 1,031 shares in the last quarter. Finally, Schechter Investment Advisors LLC purchased a new stake in JD.com during the 4th quarter valued at $205,000. Institutional investors own 15.98% of the company's stock.

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.