JD.com (NASDAQ:JD) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of JD.com (NASDAQ:JD) from a strong-buy rating to a buy rating in a research report report published on Tuesday.

JD has been the subject of several other research reports. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Citigroup cut their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Barclays upped their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Trading Down 0.7 %

Shares of JD stock opened at $34.72 on Tuesday. The company has a market capitalization of $54.76 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The business’s fifty day moving average is $36.57 and its 200 day moving average is $32.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

Institutional Investors Weigh In On JD.com

Several hedge funds and other institutional investors have recently made changes to their positions in JD. Modus Advisors LLC purchased a new stake in JD.com in the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com in the third quarter worth $49,000. Huntington National Bank increased its stake in shares of JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new stake in shares of JD.com during the 3rd quarter valued at $103,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of JD.com by 58.4% during the 3rd 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. 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.