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

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

Several other equities analysts also recently issued reports on the company. Barclays boosted their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Tuesday, October 15th. Sanford C. Bernstein dropped their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and cut their target price for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, Susquehanna restated a “neutral” rating and set a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.71.

JD.com Stock Up 0.4 %

JD.com stock traded up $0.17 during midday trading on Tuesday, hitting $40.03. The stock had a trading volume of 7,383,527 shares, compared to its average volume of 14,894,669. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The stock has a market cap of $63.13 billion, a P/E ratio of 14.56, a P/E/G ratio of 0.45 and a beta of 0.41. JD.com has a 12 month low of $20.82 and a 12 month high of $47.82. The business has a fifty day moving average price of $35.65 and a 200 day moving average price of $31.08.

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 analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. JD.com’s quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts predict that JD.com will post 3.74 EPS for the current year.

Hedge Funds Weigh In On JD.com

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Atlas Capital Advisors LLC acquired a new position in JD.com in the 2nd quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC lifted its stake in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after buying an additional 1,681 shares in the last quarter. Advisors Preferred LLC bought a new position in shares of JD.com in the first quarter valued at $126,000. Blue Trust Inc. lifted its position 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 purchasing an additional 2,360 shares in the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in shares of JD.com during the second quarter valued at about $172,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.