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

Shares of JD.com, Inc. (NASDAQ:JD - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $41.36.

Several brokerages recently issued reports on JD. Barclays lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. StockNews.com raised shares of JD.com from a "hold" rating to a "buy" rating in a report on Friday, November 22nd. Benchmark reissued a "buy" rating and set a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Finally, Sanford C. Bernstein upgraded shares of JD.com from a "market perform" rating to an "outperform" rating and raised their target price for the company from $43.00 to $46.00 in a research note on Monday, December 9th.

JD.com Trading Down 2.2 %

Shares of NASDAQ:JD traded down $0.82 during trading on Friday, reaching $37.29. 7,498,065 shares of the company were exchanged, compared to its average volume of 14,702,139. The firm has a market capitalization of $58.81 billion, a PE ratio of 11.80, a P/E/G ratio of 0.31 and a beta of 0.38. The business's fifty day simple moving average is $38.81 and its 200-day simple moving average is $32.15. 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.

Institutional Trading of JD.com

Institutional investors and hedge funds have recently modified their holdings of the stock. Two Sigma Advisers LP boosted its position in JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock worth $252,268,000 after acquiring an additional 4,839,700 shares during the last quarter. FMR LLC boosted its position in JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock worth $611,080,000 after acquiring an additional 4,445,277 shares during the last quarter. National Bank of Canada FI boosted its position in JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock worth $88,580,000 after acquiring an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. boosted its position in JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider's stock worth $161,356,000 after acquiring an additional 2,175,568 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in JD.com during the third quarter worth about $73,311,000. Hedge funds and other 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.