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

Key Points

• JD.com, Inc. has received a consensus recommendation of "Moderate Buy" from 17 brokerages, with an average target price set at $42.86.
• Recent modifications by large institutional investors include Dodge & Cox boosting its stake by 3.6% and Marshall Wace LLP raising theirs by 48.9%.
• The stock opened at $31.85 and has experienced a 52-week range between $29.90 and $46.44.

Shares of JD.com, Inc. (NASDAQ:JD - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $42.8571.

JD has been the subject of several research analyst reports. Arete Research set a $41.00 price objective on JD.com in a report on Friday, September 26th. Zacks Research raised JD.com from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Arete raised JD.com from a "sell" rating to a "buy" rating and set a $41.00 price objective for the company in a report on Friday, September 26th. Bank of America decreased their price objective on JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a report on Monday, July 14th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of JD.com in a report on Wednesday.

Institutional Investors Weigh In On JD.com

Several large investors have recently modified their holdings of the company. Dodge & Cox boosted its holdings in shares of JD.com by 3.6% in the second quarter. Dodge & Cox now owns 18,705,949 shares of the information services provider's stock valued at $610,562,000 after acquiring an additional 643,000 shares during the period. Invesco Ltd. raised its stake in shares of JD.com by 2.0% during the first quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider's stock worth $633,986,000 after purchasing an additional 295,900 shares during the last quarter. Discerene Group LP raised its stake in shares of JD.com by 11.8% during the second quarter. Discerene Group LP now owns 6,210,851 shares of the information services provider's stock worth $202,722,000 after purchasing an additional 656,000 shares during the last quarter. Marshall Wace LLP raised its stake in shares of JD.com by 48.9% during the second quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider's stock worth $174,166,000 after purchasing an additional 1,753,236 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of JD.com by 63.8% during the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider's stock worth $213,075,000 after purchasing an additional 2,018,675 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of JD opened at $31.85 on Friday. The stock has a 50 day moving average price of $32.99 and a 200 day moving average price of $33.64. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $45.63 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 3.84 and a beta of 0.39. JD.com has a 52-week low of $29.90 and a 52-week high of $46.44.

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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