JD.com, Inc. (NASDAQ:JD) Given Average Rating of “Moderate Buy” by Brokerages

JD.com, Inc. (NASDAQ:JD) has received an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $38.50.

JD has been the subject of several recent analyst reports. Bank of America reaffirmed a “buy” rating and issued a $33.00 target price on shares of JD.com in a research report on Thursday, March 5th. Benchmark raised their target price on JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Arete Research set a $37.00 target price on JD.com in a research report on Friday, April 17th. Wall Street Zen raised JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd.

Institutional Trading of JD.com

Hedge funds and other institutional investors have recently modified their holdings of the company. Binnacle Investments Inc raised its holdings in shares of JD.com by 365.8% during the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after acquiring an additional 589 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of JD.com by 1,020.0% during the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after acquiring an additional 1,020 shares in the last quarter. Assetmark Inc. raised its holdings in shares of JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after acquiring an additional 399 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of JD.com by 191.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after acquiring an additional 815 shares in the last quarter. Finally, EFG International AG purchased a new stake in shares of JD.com during the fourth quarter worth $36,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Performance

Shares of JD.com stock opened at $27.02 on Thursday. The stock has a market cap of $33.73 billion, a PE ratio of 21.11 and a beta of 0.39. The business has a fifty day simple moving average of $30.00 and a 200-day simple moving average of $29.04. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22. JD.com has a 12 month low of $24.51 and a 12 month high of $36.86.

JD.com (NASDAQ:JD) last issued its earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. The business had revenue of $45.79 billion during the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%. On average, sell-side analysts anticipate that JD.com will post 2.71 EPS for the current fiscal 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.