JD.com, Inc. (NASDAQ:JD) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of JD.com, Inc. (NASDAQ:JD - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $41.36.

Several research analysts recently issued reports on the company. Sanford C. Bernstein upgraded JD.com from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Barclays lifted their price objective on 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 upgraded shares of JD.com from a "hold" rating to a "buy" rating and reduced their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. Finally, Benchmark reissued a "buy" rating and set a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th.

JD.com Price Performance

NASDAQ:JD traded down $0.26 during trading hours on Thursday, hitting $34.72. The company's stock had a trading volume of 5,981,313 shares, compared to its average volume of 7,081,399. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The business's 50-day moving average is $36.57 and its two-hundred day moving average is $32.93. The company has a market capitalization of $54.76 billion, a PE ratio of 10.99, a PEG ratio of 0.30 and a beta of 0.39.

Institutional Investors Weigh In On JD.com

A number of institutional investors have recently made changes to their positions in the company. Polunin Capital Partners Ltd boosted its stake in JD.com by 27.8% in the third 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 acquired a new position in JD.com during the 3rd quarter valued at approximately $16,800,000. Citigroup Inc. grew its stake in JD.com by 9.9% during the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock worth $16,012,000 after buying an additional 36,096 shares during the last quarter. SG Americas Securities LLC grew its position in shares of JD.com by 55.8% during the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider's stock worth $3,770,000 after acquiring an additional 33,771 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. increased its holdings in shares of JD.com by 5.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock worth $143,086,000 after acquiring an additional 200,200 shares during the period. 15.98% of the stock is currently owned by institutional investors.

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.