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

JD.com, Inc. (NASDAQ:JD) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $35.8333.

Several research firms have issued reports on JD. Barclays cut their price objective on JD.com from $43.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Morgan Stanley upped their price target on shares of JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 13th. Susquehanna reduced their price objective on shares of JD.com from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, August 17th. Nomura boosted their price objective 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. Finally, Daiwa Securities Group reissued a “hold” rating and set a $27.00 price target on shares of JD.com in a research note on Tuesday, June 23rd.

Institutional Investors Weigh In On JD.com

Several institutional investors and hedge funds have recently made changes to their positions in JD. Binnacle Investments Inc increased its holdings in JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 589 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of JD.com by 1,020.0% in the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after purchasing an additional 1,020 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of JD.com in the third quarter valued at approximately $43,000. Caitong International Asset Management Co. Ltd grew its position in shares of JD.com by 191.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 815 shares during the last quarter. Finally, EFG International AG purchased a new position in shares of JD.com during the 4th quarter worth approximately $36,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of NASDAQ:JD opened at $28.26 on Tuesday. JD.com has a 52 week low of $24.51 and a 52 week high of $36.86. The company has a 50-day moving average price of $29.50 and a 200 day moving average price of $29.10. The company has a market cap of $35.28 billion, a P/E ratio of 19.63 and a beta of 0.35. The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.19.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. The company had revenue of $50.99 billion for the quarter, compared to analysts’ expectations of $50.38 billion. JD.com had a return on equity of 6.78% and a net margin of 1.13%.The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.97 EPS. Research analysts predict that JD.com will post 2.83 earnings per share for the current year.

JD.com Company Profile

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.