StockNews.com Upgrades JD.com (NASDAQ:JD) to Buy

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 morning.

Other equities analysts also recently issued reports about the stock. Barclays boosted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and issued a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Susquehanna reiterated a “neutral” rating and set a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Citigroup dropped their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, Sanford C. Bernstein reduced their target price on 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. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.36.

JD.com Price Performance

Shares of JD opened at $34.51 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com has a twelve month low of $20.82 and a twelve month high of $47.82. The stock has a market capitalization of $54.43 billion, a P/E ratio of 10.92, a P/E/G ratio of 0.29 and a beta of 0.41. The company has a 50 day moving average of $38.40 and a 200-day moving average of $31.66.

Institutional Investors Weigh In On JD.com

Several large investors have recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in shares of JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares during the period. SRN Advisors LLC increased its position in shares of JD.com by 1.6% during the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock valued at $1,288,000 after buying an additional 516 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of JD.com by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after buying an additional 719 shares in the last quarter. V Square Quantitative Management LLC grew its stake in JD.com by 4.8% during the second quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock valued at $447,000 after acquiring an additional 797 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its holdings in JD.com by 4.0% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock worth $849,000 after acquiring an additional 820 shares during the period. Hedge funds and other 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.