JD.Com Inc (JD) Given Consensus Rating of “Buy” by Brokerages
JD.Com Inc (NASDAQ:JD) has received a consensus recommendation of “Buy” from the nineteen research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $51.36.
A number of research firms recently commented on JD. BNP Paribas began coverage on shares of JD.Com in a research report on Thursday. They set a “hold” rating for the company. ValuEngine raised shares of JD.Com from a “sell” rating to a “hold” rating in a report on Wednesday, June 6th. BidaskClub raised shares of JD.Com from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 6th. JPMorgan Chase & Co. cut shares of JD.Com from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 9th. Finally, Benchmark decreased their price target on shares of JD.Com from $52.00 to $48.00 and set a “buy” rating for the company in a report on Monday, May 7th.
NASDAQ:JD traded up $2.50 during midday trading on Thursday, reaching $43.75. 28,622,053 shares of the stock traded hands, compared to its average volume of 13,551,972. JD.Com has a 12-month low of $34.76 and a 12-month high of $50.68. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $47.73 billion, a price-to-earnings ratio of 4,375.00, a PEG ratio of 6.23 and a beta of 1.59.
Several large investors have recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC acquired a new stake in JD.Com during the first quarter valued at $202,000. Shamrock Asset Management LLC acquired a new stake in JD.Com during the first quarter valued at $532,000. Suntrust Banks Inc. grew its position in JD.Com by 120.0% during the first quarter. Suntrust Banks Inc. now owns 26,014 shares of the information services provider’s stock valued at $1,053,000 after buying an additional 14,191 shares during the period. Rational Advisors LLC grew its position in JD.Com by 17.8% during the first quarter. Rational Advisors LLC now owns 12,378 shares of the information services provider’s stock valued at $501,000 after buying an additional 1,867 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in JD.Com during the first quarter valued at $178,000. Hedge funds and other institutional investors own 51.08% of the company’s stock.
JD.Com Company Profile
JD.com, Inc, through its subsidiaries, operates as an e-commerce company in the People's Republic of China. The company operates in two segments, JD Mall and New Businesses. It sells mobile handsets, consumer electronics products, and auto parts and accessories; home appliances; and general merchandise products directly to customers through its Website jd.com and mobile applications.
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