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

Shares of JD.com, Inc. (NASDAQ:JD) have been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $41.36.

Several brokerages recently weighed in on JD. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Benchmark restated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and upped their target price for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Citigroup decreased 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th.

JD.com Stock Up 0.4 %

JD.com stock opened at $40.17 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com has a fifty-two week low of $21.18 and a fifty-two week high of $47.82. The firm has a fifty day moving average price of $37.27 and a two-hundred day moving average price of $34.56. The firm has a market cap of $63.35 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 0.30 and a beta of 0.40.

Institutional Trading of JD.com

A number of large investors have recently bought and sold shares of the stock. Richardson Financial Services Inc. acquired a new stake in shares of JD.com in the 4th quarter valued at $27,000. Brooklyn Investment Group acquired a new position in JD.com in the fourth quarter valued at about $34,000. Nisa Investment Advisors LLC grew its stake in JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after buying an additional 417 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of JD.com during the fourth quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of JD.com in the third quarter valued at approximately $49,000. 15.98% of the stock is currently owned by institutional investors.

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.