JD.com, Inc. (NASDAQ:JD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of JD.com, Inc. (NASDAQ:JD) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $41.36.

A number of analysts have weighed in on the company. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Barclays lifted their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Citigroup cut their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th.

JD.com Price Performance

Shares of NASDAQ:JD opened at $35.37 on Thursday. JD.com has a one year low of $20.82 and a one year high of $47.82. The stock has a market capitalization of $55.78 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.25 and a beta of 0.39. The company has a 50-day simple moving average of $36.19 and a 200-day simple moving average of $33.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

Hedge Funds Weigh In On JD.com

Hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in JD.com during the fourth quarter worth $34,000. Modus Advisors LLC purchased a new stake in shares of JD.com in the 4th quarter worth about $41,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com in the 3rd quarter worth about $49,000. Trium Capital LLP purchased a new position in JD.com during the 4th quarter valued at about $62,000. Finally, Huntington National Bank increased its holdings in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after acquiring an additional 452 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Company Profile

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.