JD.com, Inc. (NASDAQ:JD) Receives $39.14 Average Price Target from Analysts

JD.com, Inc. (NASDAQ:JD) has earned an average rating of “Moderate Buy” from the seventeen research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.1429.

A number of equities analysts have recently commented on JD shares. Wall Street Zen downgraded shares of JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Susquehanna reaffirmed a “neutral” rating on shares of JD.com in a report on Monday, November 24th. Arete lowered JD.com from a “buy” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a research note on Tuesday, December 9th. Finally, Nomura cut their target price on JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, November 17th.

Institutional Investors Weigh In On JD.com

A number of hedge funds have recently made changes to their positions in JD. Nordea Investment Management AB grew its position in shares of JD.com by 2.3% during the 2nd quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock worth $20,291,000 after buying an additional 13,755 shares during the period. Exchange Traded Concepts LLC boosted its stake in JD.com by 42.6% in the second quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock valued at $3,780,000 after acquiring an additional 34,585 shares during the last quarter. Perpetual Ltd grew its holdings in JD.com by 2.4% during the 2nd quarter. Perpetual Ltd now owns 572,843 shares of the information services provider’s stock worth $18,698,000 after acquiring an additional 13,587 shares during the period. Royal Bank of Canada raised its position in shares of JD.com by 4.5% during the 1st quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock valued at $14,241,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Range Financial Group LLC grew its stake in shares of JD.com by 38.0% during the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock worth $1,532,000 after purchasing an additional 12,920 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Price Performance

Shares of JD stock opened at $29.40 on Thursday. JD.com has a 12 month low of $28.21 and a 12 month high of $46.44. The company has a market capitalization of $42.12 billion, a P/E ratio of 10.00, a P/E/G ratio of 6.62 and a beta of 0.40. The stock has a 50 day moving average of $30.58 and a two-hundred day moving average of $32.02. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The business had revenue of $41.98 billion during the quarter, compared to analyst estimates of $40.87 billion. During the same period in the prior year, the company posted $8.68 earnings per share. JD.com’s revenue was up 14.9% on a year-over-year basis. As a group, equities analysts expect that JD.com will post 3.91 EPS for the current year.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.