Analysts Set JD.com, Inc. (NASDAQ:JD) Price Target at $41.36

JD.com, Inc. (NASDAQ:JD) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $41.36.

Several equities analysts recently weighed in on the stock. Citigroup dropped their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Barclays upped their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 target price on shares of JD.com in a research note on Friday, November 15th.

Institutional Investors Weigh In On JD.com

Hedge funds have recently added to or reduced their stakes in the company. Two Sigma Advisers LP grew its holdings in shares of JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after purchasing an additional 4,839,700 shares during the last quarter. FMR LLC boosted its position in JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after buying an additional 4,445,277 shares during the period. National Bank of Canada FI grew its stake in shares of JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of JD.com by 117.1% in the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after buying an additional 2,175,568 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of JD.com in the 3rd quarter valued at about $73,311,000. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

JD stock opened at $33.10 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company’s 50-day moving average is $36.42 and its 200-day moving average is $33.00. The stock has a market capitalization of $52.20 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39. JD.com has a 1 year low of $20.82 and a 1 year high of $47.82.

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.