JD.com, Inc. (NASDAQ:JD) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

JD.com, Inc. (NASDAQ:JD) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $35.25.

Several research firms have issued reports on JD. Benchmark reiterated a “buy” rating on shares of JD.com in a research note on Friday, August 14th. Arete Research set a $30.00 target price on shares of JD.com and gave the company a “neutral” rating in a research note on Monday, September 7th. Susquehanna reduced their price objective on JD.com from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, August 17th. Zacks Research downgraded JD.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research note on Friday, August 14th.

JD.com Trading Down 2.2%

NASDAQ JD opened at $25.78 on Friday. The company has a market cap of $32.18 billion, a P/E ratio of 17.90 and a beta of 0.33. JD.com has a 12 month low of $24.51 and a 12 month high of $36.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.14 and a quick ratio of 0.82. The company has a 50-day moving average of $28.97 and a 200-day moving average of $29.07.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $50.99 billion for the quarter, compared to analyst estimates of $50.38 billion. JD.com had a net margin of 1.13% and a return on equity of 6.78%. JD.com’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $4.97 EPS. As a group, equities analysts predict that JD.com will post 2.98 earnings per share for the current year.

Institutional Trading of JD.com

A number of hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in JD.com by 139.0% during the 1st quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock valued at $128,181,000 after acquiring an additional 2,521,045 shares during the last quarter. Legal & General Group Plc raised its stake in shares of JD.com by 4.7% in the 4th quarter. Legal & General Group Plc now owns 1,545,460 shares of the information services provider’s stock valued at $44,346,000 after purchasing an additional 70,062 shares in the last quarter. L1 Capital Pty Ltd bought a new position in shares of JD.com during the fourth quarter worth about $20,959,000. NFJ Investment Group LLC grew its stake in JD.com by 61.8% in the fourth quarter. NFJ Investment Group LLC now owns 699,518 shares of the information services provider’s stock worth $20,076,000 after purchasing an additional 267,159 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in JD.com by 20.2% in the second quarter. Handelsbanken Fonder AB now owns 477,000 shares of the information services provider’s stock worth $12,154,000 after purchasing an additional 80,000 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

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, home appliances, general merchandise, apparel, groceries, fresh food, healthcare products and other goods. Its business serves consumers, brands, merchants and enterprise customers through direct sales and marketplace services.

Founded by Richard Liu in 1998, JD.com began as a retailer of electronic products and expanded into a broad-based commerce platform.