Brokerages Set JD.com, Inc. (NASDAQ:JD) Price Target at $41.36

Shares of JD.com, Inc. (NASDAQ:JD) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $41.36.

Several equities research analysts have recently commented on the company. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Citigroup decreased their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. JPMorgan Chase & Co. boosted their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays boosted their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st.

JD.com Price Performance

Shares of JD opened at $33.39 on Thursday. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The business’s 50 day moving average price is $36.29 and its two-hundred day moving average price is $33.09. The firm has a market cap of $52.66 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JD. Two Sigma Advisers LP lifted its position in shares of JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after buying an additional 4,839,700 shares during the last quarter. FMR LLC lifted its position in shares of JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after buying an additional 4,445,277 shares during the last quarter. National Bank of Canada FI lifted its position in shares of JD.com by 65,089.6% during the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in JD.com by 117.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after purchasing an additional 2,175,568 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in JD.com during the 3rd quarter worth about $73,311,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.