JD.com, Inc. (NASDAQ:JD) Receives Average Recommendation of "Moderate Buy" from Analysts

JD.com, Inc. (NASDAQ:JD - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twelve analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $46.33.

JD has been the subject of several recent research reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a report on Friday, March 7th. Citigroup reaffirmed a "buy" rating and set a $51.00 price target (down from $56.00) on shares of JD.com in a report on Monday, April 28th. Morgan Stanley set a $39.00 price target on JD.com in a report on Tuesday, May 13th. JPMorgan Chase & Co. cut their price objective on 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, Wall Street Zen cut JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

JD.com Stock Performance

Shares of JD.com stock opened at $33.12 on Friday. The firm has a market capitalization of $52.23 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.31 and a beta of 0.48. JD.com has a 52 week low of $24.13 and a 52 week high of $47.82. The firm's 50 day moving average is $34.32 and its two-hundred day moving average is $37.34. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

Institutional Trading of JD.com

A number of hedge funds have recently added to or reduced their stakes in the business. Militia Capital Partners LP acquired a new stake in JD.com in the 1st quarter worth about $259,000. First Hawaiian Bank acquired a new stake in JD.com in the 1st quarter worth about $1,443,000. Acadian Asset Management LLC boosted its stake in JD.com by 900.3% in the 1st quarter. Acadian Asset Management LLC now owns 350,365 shares of the information services provider's stock worth $14,406,000 after buying an additional 315,339 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of JD.com by 36.5% in the 1st quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider's stock valued at $1,184,000 after purchasing an additional 7,701 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of JD.com in the 1st quarter valued at about $250,000. 15.98% of the stock is owned by institutional investors and hedge funds.

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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