JD.com, Inc. (NASDAQ:JD) Stock Has Consensus Target Price of $35.25

Shares of JD.com, Inc. (NASDAQ:JD – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $35.25.

JD has been the subject of several research reports. Benchmark restated a “buy” rating on shares of JD.com in a report on Friday, August 14th. Arete Research set a $30.00 price target on shares of JD.com and gave the company a “neutral” rating in a research report on Monday, September 7th. Susquehanna decreased their price target 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. Weiss Ratings upgraded shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. Finally, Zacks Research cut JD.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th.

Get Our Latest Stock Report on JD

JD.com Trading Up 1.1%

NASDAQ JD opened at $26.60 on Friday. The stock has a market cap of $33.20 billion, a P/E ratio of 18.47 and a beta of 0.35. JD.com has a fifty-two week low of $24.51 and a fifty-two week high of $36.86. The stock has a 50 day simple moving average of $29.13 and a two-hundred day simple moving average of $29.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 1.14.

JD.com (NASDAQ:JD – Get Free Report) last posted its earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm 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 business’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.97 earnings per share. On average, analysts forecast that JD.com will post 2.98 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Root Financial Partners LLC grew its holdings in 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 worth $32,000 after purchasing an additional 1,020 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of JD.com by 52.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,713 shares of the information services provider’s stock valued at $51,000 after purchasing an additional 589 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of JD.com in the 4th quarter worth approximately $53,000. Assetmark Inc. grew its stake in shares of JD.com by 184.4% in the 1st quarter. Assetmark Inc. now owns 3,293 shares of the information services provider’s stock worth $97,000 after buying an additional 2,135 shares during the last quarter. Finally, PeakShares LLC purchased a new stake in shares of JD.com in the 4th quarter worth approximately $100,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for JD.com (NASDAQ:JD)

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