JD.com, Inc. (NASDAQ:JD) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• JD.com, Inc. has been given an average rating of "Moderate Buy" by sixteen analysts, with one sell, five hold, nine buy, and one strong buy recommendations.
• The average twelve-month target price for JD.com shares among brokers is $43.31, although several brokerages have recently adjusted their target prices downward.
• JD.com's stock opened at $33.62 and has seen a 52-week range of $26.17 to $47.82, reflecting a market capitalization of $46.96 billion.

Shares of JD.com, Inc. (NASDAQ:JD - Get Free Report) have been given an average rating of "Moderate Buy" by the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $43.3077.

Several brokerages recently issued reports on JD. Bank of America cut their target price on shares of JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Zacks Research upgraded shares of JD.com from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. JPMorgan Chase & Co. cut their target price on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. UBS Group cut their target price on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Finally, Benchmark cut their price target on shares of JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, July 21st.

JD.com Stock Down 0.1%

Shares of NASDAQ:JD opened at $33.62 on Tuesday. JD.com has a 52-week low of $26.17 and a 52-week high of $47.82. The firm has a fifty day moving average of $32.06 and a 200 day moving average of $34.53. The firm has a market capitalization of $46.96 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 3.78 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22.

Institutional Trading of JD.com

Several institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its position in JD.com by 148.4% during the second quarter. Osaic Holdings Inc. now owns 261,269 shares of the information services provider's stock valued at $9,392,000 after buying an additional 156,069 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in shares of JD.com by 4.7% during the second quarter. Orion Porfolio Solutions LLC now owns 20,827 shares of the information services provider's stock worth $680,000 after purchasing an additional 941 shares during the period. Marex Group plc purchased a new stake in shares of JD.com during the second quarter worth about $6,409,000. Hudson Bay Capital Management LP purchased a new stake in shares of JD.com during the second quarter worth about $2,447,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of JD.com during the second quarter worth about $742,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

About JD.com

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.

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