JD.Com Inc (JD) Receives $41.11 Consensus Price Target from Analysts
JD.Com Inc (NASDAQ:JD) has been given an average rating of “Hold” by the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $40.27.
JD has been the topic of a number of analyst reports. Nomura decreased their target price on shares of JD.Com from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, August 17th. Stifel Nicolaus restated a “buy” rating and set a $39.00 target price on shares of JD.Com in a research report on Wednesday, September 5th. Zacks Investment Research lowered shares of JD.Com from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Susquehanna Bancshares initiated coverage on shares of JD.Com in a research report on Friday, September 7th. They set a “neutral” rating and a $30.00 target price on the stock. Finally, BNP Paribas initiated coverage on shares of JD.Com in a research report on Thursday, June 14th. They set a “hold” rating on the stock.
Shares of NASDAQ:JD opened at $24.51 on Friday. JD.Com has a 12-month low of $24.38 and a 12-month high of $50.68. The company has a quick ratio of 0.66, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.
Several hedge funds and other institutional investors have recently bought and sold shares of JD. OppenheimerFunds Inc. boosted its position in shares of JD.Com by 46.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 24,719,292 shares of the information services provider’s stock worth $962,818,000 after acquiring an additional 7,842,079 shares in the last quarter. Vontobel Asset Management Inc. acquired a new stake in shares of JD.Com during the 2nd quarter worth approximately $268,795,000. Genesis Asset Managers LLP acquired a new stake in shares of JD.Com during the 2nd quarter worth approximately $87,487,000. BlackRock Inc. boosted its position in shares of JD.Com by 6.1% during the 2nd quarter. BlackRock Inc. now owns 31,710,484 shares of the information services provider’s stock worth $1,235,123,000 after acquiring an additional 1,825,484 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of JD.Com during the 2nd quarter worth approximately $67,764,000. Institutional investors and hedge funds own 51.17% of the company’s stock.
JD.Com Company Profile
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
Further Reading: Exchange-Traded Funds (ETFs)
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