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

Shares of JD.com, Inc. (NASDAQ:JD - Get Free Report) have received an average recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $46.23.

JD has been the topic of several research analyst reports. Macquarie reissued a "neutral" rating and issued a $35.00 price objective on shares of JD.com in a report on Wednesday, April 23rd. Wall Street Zen lowered JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Arete Research raised shares of JD.com to a "hold" rating in a report on Tuesday, June 24th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Arete lowered shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Tuesday, June 24th.

JD.com Stock Performance

NASDAQ JD opened at $32.47 on Thursday. The firm has a market capitalization of $51.21 billion, a P/E ratio of 7.90, a PEG ratio of 1.18 and a beta of 0.48. The stock has a 50-day simple moving average of $33.31 and a two-hundred day simple moving average of $36.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. JD.com has a fifty-two week low of $24.13 and a fifty-two week high of $47.82.

Hedge Funds Weigh In On JD.com

Institutional investors have recently bought and sold shares of the company. Hexagon Capital Partners LLC acquired a new position in shares of JD.com in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in JD.com during the 1st quarter worth approximately $32,000. Farther Finance Advisors LLC increased its position in shares of JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock valued at $45,000 after purchasing an additional 684 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of JD.com in the 1st quarter valued at $56,000. Finally, GeoWealth Management LLC lifted its position in shares of JD.com by 129.1% during the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after purchasing an additional 785 shares during the last quarter. 15.98% of the stock is 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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