JD.com, Inc. (NASDAQ:JD) Given Average Recommendation of “Moderate Buy” by Brokerages

JD.com, Inc. (NASDAQ:JD) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $37.6154.

Several equities analysts have issued reports on the stock. Barclays lifted their price target on shares of JD.com from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Nomura lifted their price target on shares of JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Citigroup lifted their price target on shares of JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Daiwa Securities Group reaffirmed a “hold” rating and issued a $27.00 price target on shares of JD.com in a report on Tuesday. Finally, Bank of America reaffirmed a “buy” rating and issued a $33.00 price target on shares of JD.com in a report on Thursday, March 5th.

Hedge Funds Weigh In On JD.com

Several institutional investors and hedge funds have recently bought and sold shares of JD. Aurora Investment Managers LLC. lifted its stake in shares of JD.com by 24.6% during the third quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock worth $9,427,000 after buying an additional 53,223 shares during the period. Schroder Investment Management Group lifted its stake in shares of JD.com by 7.9% during the third quarter. Schroder Investment Management Group now owns 656,282 shares of the information services provider’s stock worth $22,957,000 after buying an additional 48,039 shares during the period. Cantor Fitzgerald L. P. lifted its stake in shares of JD.com by 423.1% during the third quarter. Cantor Fitzgerald L. P. now owns 264,426 shares of the information services provider’s stock worth $9,250,000 after buying an additional 213,878 shares during the period. U.S. Capital Wealth Advisors LLC lifted its stake in shares of JD.com by 381.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 83,093 shares of the information services provider’s stock worth $2,385,000 after buying an additional 65,829 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of JD.com by 4.7% during the fourth quarter. Legal & General Group Plc now owns 1,545,460 shares of the information services provider’s stock worth $44,346,000 after buying an additional 70,062 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Performance

Shares of JD stock opened at $25.48 on Thursday. The firm has a market cap of $31.81 billion, a price-to-earnings ratio of 19.91 and a beta of 0.39. The company’s 50 day moving average is $29.88 and its 200 day moving average is $28.98. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22. JD.com has a 52-week low of $24.51 and a 52-week high of $36.86.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The business had revenue of $45.79 billion for the quarter. On average, sell-side analysts anticipate that JD.com will post 2.71 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.