JD.com (NASDAQ:JD) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of JD.com (NASDAQ:JD) from a buy rating to a strong-buy rating in a research report released on Monday morning.

JD has been the subject of several other research reports. Benchmark dropped their price objective on shares of JD.com from $55.00 to $47.00 and set a buy rating for the company in a research note on Friday, August 16th. Sanford C. Bernstein decreased their price objective on shares of JD.com from $35.00 to $32.00 and set a market perform rating for the company in a research report on Friday, August 16th. Susquehanna restated a neutral rating and set a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Macquarie upgraded JD.com from a neutral rating to an outperform rating and raised their target price for the company from $26.00 to $40.00 in a research note on Friday, May 17th. Finally, Barclays dropped their price target on JD.com from $41.00 to $40.00 and set an overweight rating on the stock in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, JD.com has a consensus rating of Moderate Buy and a consensus target price of $36.93.

JD.com Trading Up 1.7 %

Shares of NASDAQ:JD opened at $26.37 on Monday. The company has a market capitalization of $41.59 billion, a P/E ratio of 12.04 and a beta of 0.39. JD.com has a 1 year low of $20.82 and a 1 year high of $35.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88. The business’s 50 day simple moving average is $26.69 and its 200 day simple moving average is $27.46.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating the consensus estimate of $0.79 by $8.57. The company had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS. On average, research analysts anticipate that JD.com will post 3.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JD. Wallace Advisory Group LLC increased its stake in shares of JD.com by 9.9% in the second quarter. Wallace Advisory Group LLC now owns 29,369 shares of the information services provider’s stock worth $759,000 after purchasing an additional 2,652 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in JD.com by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 67,130 shares of the information services provider’s stock valued at $1,735,000 after acquiring an additional 1,161 shares during the period. Creative Planning lifted its position in shares of JD.com by 5.1% during the second quarter. Creative Planning now owns 180,458 shares of the information services provider’s stock worth $4,663,000 after acquiring an additional 8,782 shares in the last quarter. SIH Partners LLLP purchased a new position in shares of JD.com in the second quarter valued at $876,000. Finally, Scientech Research LLC bought a new stake in shares of JD.com during the 2nd quarter valued at $1,649,000. Hedge funds and other institutional investors 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.