JD.com, Inc. (NASDAQ:JD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of JD.com, Inc. (NASDAQ:JD) have been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $38.8571.

Several equities analysts recently commented on the company. Wall Street Zen cut JD.com from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. HSBC reiterated a “buy” rating and set a $37.00 target price on shares of JD.com in a research report on Monday, December 29th. Morgan Stanley lowered their price objective on shares of JD.com from $28.00 to $24.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 14th. Arete Research set a $32.00 target price on JD.com in a research note on Tuesday, December 9th. Finally, Zacks Research lowered JD.com from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th.

Hedge Funds Weigh In On JD.com

Several institutional investors and hedge funds have recently made changes to their positions in the business. FengHe Fund Management Pte. Ltd. boosted its holdings in JD.com by 106.7% during the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 215,000 shares of the information services provider’s stock valued at $7,521,000 after acquiring an additional 111,000 shares during the period. Nordea Investment Management AB increased its stake in JD.com by 2.3% in the 2nd quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock worth $20,291,000 after purchasing an additional 13,755 shares during the period. Exchange Traded Concepts LLC lifted its position 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 purchasing an additional 34,585 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of JD.com during the second quarter valued at approximately $898,000. Finally, Creative Planning grew its holdings in shares of JD.com by 121.0% in the second quarter. Creative Planning now owns 378,068 shares of the information services provider’s stock worth $12,340,000 after purchasing an additional 206,985 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD opened at $29.84 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. The stock has a market capitalization of $42.75 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 6.27 and a beta of 0.40. JD.com has a 52-week low of $28.21 and a 52-week high of $46.44. The stock’s 50-day simple moving average is $29.34 and its 200 day simple moving average is $31.57.

JD.com (NASDAQ:JD) last released its quarterly earnings data 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 net margin of 2.46% and a return on equity of 10.99%. The company had revenue of $41.98 billion during the quarter, compared to analyst estimates of $40.87 billion. During the same period last year, the business earned $8.68 earnings per share. JD.com’s revenue was up 14.9% compared to the same quarter last year. Research analysts forecast that JD.com will post 3.91 EPS for the current fiscal 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.