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

by · The Markets Daily

Shares of JD.com, Inc. (NASDAQ:JD – Get Free Report) have earned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $40.3846.

Several brokerages have recently commented on JD. Citigroup began coverage on JD.com in a research note on Monday, August 11th. They set a “buy” rating and a $42.00 price target on the stock. Morgan Stanley downgraded JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 target price on the stock. in a research report on Monday, November 10th. Susquehanna reissued a “neutral” rating on shares of JD.com in a report on Monday, November 24th. Mizuho set a $41.00 price target on JD.com in a research note on Wednesday, October 22nd. Finally, Wall Street Zen cut JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd.

Check Out Our Latest Analysis on JD.com

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hhlr Advisors LTD. boosted its position in shares of JD.com by 184.7% in the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock worth $197,857,000 after acquiring an additional 3,121,700 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of JD.com by 63.8% in the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock valued at $213,075,000 after purchasing an additional 2,018,675 shares during the last quarter. Marshall Wace LLP grew its stake in shares of JD.com by 48.9% during the 2nd quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock valued at $174,166,000 after buying an additional 1,753,236 shares during the period. Evergreen Capital Management LLC acquired a new stake in shares of JD.com during the 3rd quarter worth $51,741,000. Finally, Dodge & Cox raised its position in shares of JD.com by 8.0% in the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider’s stock worth $742,748,000 after buying an additional 1,339,508 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Trading Up 0.5%

Shares of JD.com stock opened at $29.90 on Friday. The firm has a market cap of $42.83 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 6.73 and a beta of 0.40. JD.com has a 52-week low of $28.21 and a 52-week high of $46.44. The company’s 50-day simple moving average is $32.12 and its 200-day simple moving average is $32.43. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD – Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $41.98 billion during the quarter, compared to the consensus estimate of $40.87 billion. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned $8.68 earnings per share. As a group, equities research analysts anticipate that JD.com will post 3.91 earnings per share for the current year.

JD.com Company Profile

(Get Free Report)

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.

Recommended Stories