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

JD.com, Inc. (NASDAQ:JD) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $41.36.

Several analysts have recently weighed in on the stock. Sanford C. Bernstein raised shares of 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 report on Monday, December 9th. Citigroup dropped their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Barclays increased their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their price target 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 price objective on shares of JD.com in a research report on Friday, November 15th.

JD.com Stock Up 1.5 %

Shares of NASDAQ:JD opened at $37.27 on Friday. 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 stock has a market cap of $58.78 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.31 and a beta of 0.38. JD.com has a 1-year low of $20.82 and a 1-year high of $47.82. The firm has a fifty day moving average price of $38.47 and a 200 day moving average price of $32.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new position in JD.com during the second quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com during the 3rd quarter valued at $49,000. Huntington National Bank boosted its position in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares during the period. Transamerica Financial Advisors Inc. acquired a new stake in JD.com in the 3rd quarter valued at $103,000. Finally, Allspring Global Investments Holdings LLC raised its position in JD.com by 58.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 1,102 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

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.