Brokerages Set JD.com, Inc. (NASDAQ:JD) PT at $37.20

Shares of JD.com, Inc. (NASDAQ:JD) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $37.20.

JD has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $25.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Macquarie raised shares of JD.com from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $26.00 to $40.00 in a research note on Friday, May 17th. Mizuho lifted their price objective on shares of JD.com from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. The Goldman Sachs Group started coverage on shares of JD.com in a report on Thursday, April 25th. They issued a “buy” rating and a $37.00 target price for the company. Finally, Barclays raised their target price on shares of JD.com from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, May 17th.

Institutional Investors Weigh In On JD.com

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its holdings in shares of JD.com by 812.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC purchased a new position in shares of JD.com in the 1st quarter worth approximately $58,000. CWM LLC grew its position in shares of JD.com by 69.3% in the 4th quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock worth $85,000 after buying an additional 1,208 shares during the last quarter. Compagnie Lombard Odier SCmA grew its position in shares of JD.com by 73.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock worth $111,000 after buying an additional 1,631 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after buying an additional 686 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

JD opened at $26.26 on Friday. The stock has a market capitalization of $41.42 billion, a price-to-earnings ratio of 11.99 and a beta of 0.46. The company has a fifty day moving average of $30.27 and a 200 day moving average of $27.00. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $41.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.88 and a current ratio of 1.15.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, May 16th. The information services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.17. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The business had revenue of $36.02 billion during the quarter, compared to analysts’ expectations of $35.75 billion. As a group, sell-side analysts forecast that JD.com will post 3.08 earnings per share for the current fiscal year.

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.