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

Key Points

• JD.com holds a consensus “Moderate Buy” rating among 14 analysts, with eight buys, five holds and one sell. The average 12-month price target is $35.25, above the reported share price of $26.51.
• Recent institutional activity was largely positive, with several investment firms increasing their positions; institutional investors collectively own 15.98% of JD.com.
• JD.com beat quarterly expectations, reporting $0.93 in EPS versus a $0.86 estimate and $50.99 billion in revenue versus $50.38 billion expected. However, revenue declined 2.9% year over year and the stock was down 0.9%.

JD.com, Inc. (NASDAQ:JD - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $35.25.

A number of research analysts have recently issued reports on JD shares. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research note on Friday, August 14th. Barclays decreased their price target on JD.com from $43.00 to $41.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings raised JD.com from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, July 13th. Susquehanna cut their price objective on JD.com from $35.00 to $30.00 and set a "neutral" rating for the company in a research report on Monday, August 17th. Finally, Daiwa Securities Group reissued a "hold" rating and issued a $27.00 price objective on shares of JD.com in a research note on Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JD. NFJ Investment Group LLC lifted its stake in shares of JD.com by 61.8% during the fourth quarter. NFJ Investment Group LLC now owns 699,518 shares of the information services provider's stock valued at $20,076,000 after acquiring an additional 267,159 shares during the period. Monaco Asset Management SAM boosted its holdings in JD.com by 60.0% in the fourth quarter. Monaco Asset Management SAM now owns 160,000 shares of the information services provider's stock valued at $4,592,000 after acquiring an additional 60,000 shares during the last quarter. Legal & General Group Plc increased its position in JD.com by 4.7% in the fourth quarter. Legal & General Group Plc now owns 1,545,460 shares of the information services provider's stock worth $44,346,000 after purchasing an additional 70,062 shares during the period. Tidal Investments LLC increased its position in JD.com by 109.1% in the second quarter. Tidal Investments LLC now owns 382,838 shares of the information services provider's stock worth $9,755,000 after purchasing an additional 199,724 shares during the period. Finally, Polymer Capital Management HK LTD raised its holdings in JD.com by 1,900.0% during the 4th quarter. Polymer Capital Management HK LTD now owns 120,000 shares of the information services provider's stock worth $3,444,000 after purchasing an additional 114,000 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Trading Down 0.9%

Shares of JD.com stock opened at $26.51 on Friday. The stock has a market capitalization of $33.09 billion, a P/E ratio of 18.41 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. The company has a 50-day simple moving average of $29.37 and a 200 day simple moving average of $29.13. JD.com has a 12-month low of $24.51 and a 12-month high of $36.86.

JD.com (NASDAQ:JD - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $50.38 billion. JD.com had a net margin of 1.13% and a return on equity of 6.78%. The firm's quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $4.97 EPS. Research analysts expect that JD.com will post 2.98 earnings per share for the current fiscal year.

JD.com Company Profile

JD.com, Inc NASDAQ: JD is a China-based technology and e-commerce company that operates an online retail platform serving consumers and businesses. The company sells a broad range of products, including electronics and appliances, general merchandise, groceries, apparel, household goods, and healthcare products. It offers both products sourced directly from suppliers and merchandise sold by third-party merchants through its marketplace.

Founded by Richard Qiangdong Liu in 1998, JD.com initially focused on selling consumer electronics and launched its online retail business in 2004.

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