JD.com, Inc. (NASDAQ:JD) Receives Consensus ‘Moderate Buy’ Recommendation from Analysts
Shares of JD.com, Inc. (NASDAQ: JD – Get an assessment) received an average recommendation of “moderate buy” by the seventeen rating agencies that currently cover the stock, reports Marketbeat Ratings. Four investment analysts rated the stock with a hold recommendation and eight gave the company a buy recommendation. The 1-year average target price among brokers who have issued ratings on the stock in the past year is $88.64.
A number of analysts have weighed in on the stock. Benchmark raised its target price on JD.com shares from $106.00 to $109.00 in a Wednesday, August 24 report. Mizuho reissued a “buy” rating and set a target price of $90.00 on JD.com shares in a Tuesday, September 20 report. Susquehanna Bancshares raised its price target on JD.com shares from $55.00 to $62.00 and gave the stock a “neutral” rating in a Monday, September 12 report. Citigroup lowered its price target on JD.com shares from $93.00 to $91.00 in a Wednesday, August 24 report. Finally, Susquehanna raised its price target on JD.com shares from $55.00 to $62.00 and gave the stock a “neutral” rating in a Monday, September 12 research report.
JD.com is trading down 2.5%
JD opened at $51.66 on Friday. The stock has a market capitalization of $69.63 billion, a PE ratio of -74.87 and a beta of 0.46. The company’s fifty-day moving average price is $57.47 and its 200-day moving average price is $58.55. The company has a debt ratio of 0.10, a current ratio of 1.27 and a quick ratio of 0.97. JD.com has a 12-month low of $41.56 and a 12-month high of $92.69.
Institutional investors weigh in on JD.com
Several large investors have recently changed their JD holdings. Sei Investments Co. increased its stake in JD.com shares by 5.4% during the 4th quarter. Sei Investments Co. now owns 389,239 shares of the information services provider worth $27,286,000 after acquiring 20,104 additional shares in the last quarter. Samalin Investment Counsel LLC increased its holdings of JD.com stock by 103.0% in the fourth quarter. Samalin Investment Counsel LLC now owns 670 shares of the information services provider valued at $47,000 after buying an additional 340 shares in the last quarter. Thomas White International Ltd. increased its holdings of JD.com shares by 30.9% in the fourth quarter. Thomas White International Ltd. now owns 79,016 shares of the information services provider valued at $5,537,000 after purchasing an additional 18,630 shares in the last quarter. Qtron Investments LLC increased its holdings of JD.com shares by 36.4% in the fourth quarter. Qtron Investments LLC now owns 93,132 shares of the information services provider valued at $6,526,000 after purchasing an additional 24,837 shares in the last quarter. Finally, Toroso Investments LLC increased its equity stake in JD.com by 3,022.6% in the fourth quarter. Toroso Investments LLC now owns 207,561 shares of the information services provider valued at $14,544,000 after purchasing an additional 200,914 shares last quarter. 25.45% of the shares are held by institutional investors.
JD.com, Inc provides supply chain-based technologies and services in the People’s Republic of China. The company offers computers, communication and consumer electronics products, as well as home appliances; and general merchandise including food, beverages and fresh produce, baby and maternity products, furniture and housewares, cosmetics and other personal care items, pharmaceutical and health products, books , automotive accessories, clothing and footwear, bags and jewelry.
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