JD.com, Inc. (NASDAQ:JD) Stock Has Average Price Target of $35.33

JD.com, Inc. (NASDAQ:JD) has been given an average rating of “Moderate Buy” by the fourteen analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a 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 $35.33.

Several analysts recently commented on the stock. Zacks Research downgraded shares of JD.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Arete Research set a $30.00 price target on shares of JD.com and gave the company a “neutral” rating in a report on Monday, September 7th. Bank of America cut their price objective on shares of JD.com from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Benchmark restated a “buy” rating on shares of JD.com in a research report on Friday, August 14th. Finally, Weiss Ratings cut JD.com from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday.

JD.com Stock Down 1.2%

JD opened at $25.36 on Wednesday. JD.com has a 1-year low of $24.51 and a 1-year high of $35.06. The stock’s fifty day simple moving average is $27.35 and its 200 day simple moving average is $28.87. The company has a current ratio of 1.14, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The stock has a market cap of $31.66 billion, a PE ratio of 17.61 and a beta of 0.33.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 13th. The information services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The firm had revenue of $50.99 billion during the quarter, compared to analysts’ expectations of $50.38 billion. JD.com had a net margin of 1.13% and a return on equity of 6.78%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.97 earnings per share. As a group, research analysts expect that JD.com will post 2.90 earnings per share for the current year.

Institutional Trading of JD.com

Several hedge funds have recently added to or reduced their stakes in JD. Tidal Investments LLC grew its stake in shares of JD.com by 109.1% in the second quarter. Tidal Investments LLC now owns 382,838 shares of the information services provider’s stock valued at $9,755,000 after acquiring an additional 199,724 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in JD.com by 2.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 8,356,490 shares of the information services provider’s stock worth $222,283,000 after acquiring an additional 235,034 shares during the period. FNY Investment Advisers LLC bought a new position in JD.com during the second quarter worth about $1,411,000. First Trust Advisors LP raised its stake in JD.com by 19.2% in the 1st quarter. First Trust Advisors LP now owns 197,087 shares of the information services provider’s stock worth $5,828,000 after purchasing an additional 31,693 shares in the last quarter. Finally, Sei Investments Co. raised its stake in JD.com by 77.7% in the 1st quarter. Sei Investments Co. now owns 173,753 shares of the information services provider’s stock worth $5,138,000 after purchasing an additional 75,956 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

About JD.com

JD.com, Inc (NASDAQ:JD) is a technology and e-commerce company headquartered in Beijing, China. The company operates an online retail platform offering consumer electronics, appliances, computers, mobile devices, apparel, groceries, healthcare products and other consumer goods. Its business includes both direct sales of products and a marketplace that enables third-party merchants to reach customers.

Founded in 1998 by Richard Liu, JD.com has developed an integrated retail and logistics model designed to support product sourcing, warehousing, order fulfillment and delivery.