JD.com, Inc. (NASDAQ:JD) Receives Average Rating of "Moderate Buy" from Brokerages

JD.com, Inc. (NASDAQ:JD - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $40.36.

A number of brokerages have weighed in on JD. Susquehanna reiterated a "neutral" rating and issued a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Sanford C. Bernstein dropped their price target on JD.com from $35.00 to $32.00 and set a "market perform" rating for the company in a research note on Friday, August 16th. Loop Capital raised JD.com from a "hold" rating to a "buy" rating and reduced their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Benchmark reissued a "buy" rating and set a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th.

Institutional Investors Weigh In On JD.com

Several large investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board increased its stake in shares of JD.com by 9.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider's stock valued at $39,887,000 after purchasing an additional 129,763 shares during the period. Polunin Capital Partners Ltd increased its position in JD.com by 27.8% in the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider's stock valued at $82,291,000 after acquiring an additional 447,264 shares during the period. Seven Grand Managers LLC bought a new stake in JD.com during the 3rd quarter valued at $16,800,000. SG Americas Securities LLC grew its stake in shares of JD.com by 55.8% in the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider's stock worth $3,770,000 after purchasing an additional 33,771 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of JD.com by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider's stock valued at $10,110,000 after purchasing an additional 63,800 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Trading Down 0.4 %

JD traded down $0.15 during trading on Wednesday, hitting $35.04. The company's stock had a trading volume of 3,189,606 shares, compared to its average volume of 14,910,102. JD.com has a twelve month low of $20.82 and a twelve month high of $47.82. The firm's 50 day moving average price is $37.72 and its 200-day moving average price is $31.59. 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 cap of $55.26 billion, a PE ratio of 11.14, a PEG ratio of 0.39 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.