Brokerages Set JD.com, Inc. (NASDAQ:JD) PT at $39.14

by · The Markets Daily

JD.com, Inc. (NASDAQ:JD – Get Free Report) has been given an average recommendation of “Moderate Buy” by the eighteen research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $39.00.

JD has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of JD.com in a research report on Monday. Susquehanna reissued a “neutral” rating on shares of JD.com in a report on Monday, November 24th. Wall Street Zen downgraded JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Bank of America decreased their price objective on shares of JD.com from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th.

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Institutional Investors Weigh In On JD.com

A number of institutional investors have recently made changes to their positions in JD. FNY Investment Advisers LLC increased its stake in shares of JD.com by 50.8% during the third quarter. FNY Investment Advisers LLC now owns 41,531 shares of the information services provider’s stock worth $1,452,000 after purchasing an additional 13,996 shares during the period. Saranac Partners Ltd acquired a new position in JD.com in the 3rd quarter valued at $120,000. Allworth Financial LP increased its position in JD.com by 35.2% during the 3rd quarter. Allworth Financial LP now owns 1,830 shares of the information services provider’s stock worth $64,000 after buying an additional 476 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of JD.com by 69.8% during the third quarter. Coldstream Capital Management Inc. now owns 17,796 shares of the information services provider’s stock worth $623,000 after buying an additional 7,315 shares in the last quarter. Finally, Marathon Asset Management LP bought a new stake in shares of JD.com in the third quarter valued at about $1,749,000. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

NASDAQ JD opened at $28.70 on Thursday. The firm has a market capitalization of $41.11 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 6.46 and a beta of 0.40. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $30.34 and its two-hundred day moving average price is $31.93. JD.com has a 1 year low of $28.21 and a 1 year high of $46.44.

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

About JD.com

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JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.

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