JD.com, Inc. (JD) Given Consensus Recommendation of “Buy” by Analysts

JD.com, Inc. (NASDAQ:JD) has been assigned an average rating of “Buy” from the twenty brokerages that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $38.74.

JD has been the topic of several research reports. Vetr cut shares of JD.com from a “strong-buy” rating to a “buy” rating and set a $40.00 price target on the stock. in a research report on Monday, May 8th. Benchmark Co. reaffirmed a “buy” rating and issued a $48.00 target price (up previously from $40.00) on shares of JD.com in a report on Tuesday, May 9th. Stifel Nicolaus raised their target price on shares of JD.com from $38.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. Instinet reiterated a “buy” rating and issued a $37.00 price target on shares of JD.com in a research note on Wednesday, May 10th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $40.00 price target on shares of JD.com in a research note on Wednesday, May 10th.

Shares of JD.com (NASDAQ JD) remained flat at $46.09 during midday trading on Monday. The company had a trading volume of 9,857,546 shares. JD.com has a 52 week low of $22.93 and a 52 week high of $48.99. The firm’s 50 day moving average is $43.04 and its 200-day moving average is $36.24. The firm’s market cap is $65.42 billion.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Monday, May 8th. The information services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.13. JD.com had a negative net margin of 0.96% and a negative return on equity of 1.46%. The firm had revenue of $76.20 billion during the quarter, compared to analyst estimates of $73.59 billion. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. JD.com’s quarterly revenue was up 41.2% on a year-over-year basis. On average, equities research analysts expect that JD.com will post $0.41 EPS for the current year.

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Several large investors have recently bought and sold shares of the stock. Highstreet Asset Management Inc. bought a new position in shares of JD.com during the second quarter worth approximately $127,000. IFP Advisors Inc boosted its position in JD.com by 585.2% in the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after buying an additional 4,184 shares during the last quarter. Bfsg LLC acquired a new position in JD.com during the second quarter valued at about $222,000. Dimension Capital Management Partners acquired a new position in JD.com during the second quarter valued at about $224,000. Finally, Envestnet Asset Management Inc. boosted its position in JD.com by 27.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,034 shares of the information services provider’s stock valued at $154,000 after buying an additional 1,286 shares during the last quarter. 49.20% of the stock is currently owned by institutional investors and hedge funds.

About JD.com

JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.

Analyst Recommendations for JD.com (NASDAQ:JD)

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