JD.com (NASDAQ:JD) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of JD.com (NASDAQ:JD) from a hold rating to a buy rating in a research report report published on Friday.

Several other research analysts have also issued reports on the stock. Citigroup lowered their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Sanford C. Bernstein lowered their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Susquehanna reissued a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. upped their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.36.

JD.com Trading Down 2.0 %

Shares of JD stock opened at $34.68 on Friday. JD.com has a 1-year low of $20.82 and a 1-year high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a market cap of $54.69 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.29 and a beta of 0.41. The stock has a 50-day moving average of $38.24 and a 200-day moving average of $31.66.

Institutional Investors Weigh In On JD.com

Hedge funds and other institutional investors have recently modified their holdings of the company. Atlas Capital Advisors LLC bought a new position in shares of JD.com in the 2nd quarter worth $28,000. Huntington National Bank raised its holdings in JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new position in shares of JD.com in the third quarter valued at $103,000. Allspring Global Investments Holdings LLC lifted its stake in shares of JD.com by 58.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after buying an additional 1,102 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after buying an additional 2,360 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

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.