JD.com (NASDAQ:JD) Rating Increased to Buy at StockNews.com

JD.com (NASDAQ:JD) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

A number of other equities research analysts have also recently commented on JD. Loop Capital increased their target price on shares of JD.com from $26.00 to $35.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Macquarie upgraded shares of JD.com from a “neutral” rating to an “outperform” rating and increased their target price for the company from $26.00 to $40.00 in a research report on Friday, May 17th. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of JD.com in a research report on Friday, May 17th. Bank of America upped their price objective on shares of JD.com from $38.00 to $43.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Mizuho upped their price objective on shares of JD.com from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, May 17th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.47.

JD.com Stock Performance

NASDAQ:JD opened at $32.68 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 1.15. The company has a fifty day moving average of $28.95 and a two-hundred day moving average of $26.63. The stock has a market capitalization of $51.54 billion, a PE ratio of 14.92, a P/E/G ratio of 0.65 and a beta of 0.51. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $41.95.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $4.74. The company had revenue of $306.08 billion during the quarter, compared to analysts’ expectations of $300.21 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. As a group, research analysts forecast that JD.com will post 2.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB lifted its stake in JD.com by 10.8% in the fourth quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider’s stock worth $12,734,000 after acquiring an additional 43,175 shares during the last quarter. Trexquant Investment LP purchased a new position in JD.com in the third quarter worth approximately $8,566,000. Oaktree Capital Management LP lifted its stake in JD.com by 68.7% in the third quarter. Oaktree Capital Management LP now owns 1,706,910 shares of the information services provider’s stock worth $49,722,000 after acquiring an additional 695,180 shares during the last quarter. SG Americas Securities LLC lifted its stake in JD.com by 40.4% in the fourth quarter. SG Americas Securities LLC now owns 738,999 shares of the information services provider’s stock worth $21,350,000 after acquiring an additional 212,616 shares during the last quarter. Finally, First Trust Direct Indexing L.P. purchased a new position in JD.com in the fourth quarter worth approximately $352,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.