JD.com, Inc. (NASDAQ:JD) Receives $44.00 Consensus Target Price from Analysts

Key Points

• JD.com has received an average analyst recommendation of "Moderate Buy", with nine analysts recommending a buy and five suggesting a hold.
• The average 12-month price target for JD.com is $44.00, reflecting some adjustments from various analysts, including downgrade and upgrades.
• Institutional investors have shown significant activity with JD.com, as seen with FMR LLC increasing its holdings by 86.2% during the fourth quarter.

JD.com, Inc. (NASDAQ:JD - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $44.00.

Several analysts have recently issued reports on JD shares. Morgan Stanley decreased their target price on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Wall Street Zen cut shares of JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Arete cut 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. Bank of America cut their price target on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, July 14th. Finally, Susquehanna cut their price target on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th.

Institutional Trading of JD.com

Several institutional investors have recently modified their holdings of JD. Hexagon Capital Partners LLC acquired a new position in JD.com during the first quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of JD.com in the 1st quarter valued at approximately $32,000. Ameritas Advisory Services LLC purchased a new stake in shares of JD.com in the 2nd quarter valued at approximately $37,000. GeoWealth Management LLC increased its stake in 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 buying an additional 785 shares during the period. Finally, Allianz SE purchased a new stake in JD.com during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Price Performance

Shares of JD traded down $1.00 during trading hours on Monday, reaching $32.22. 11,091,745 shares of the stock traded hands, compared to its average volume of 12,677,008. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. JD.com has a 52-week low of $24.13 and a 52-week high of $47.82. The company's 50-day moving average price is $32.79 and its two-hundred day moving average price is $36.47. The company has a market cap of $45.00 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48.

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.