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

StockNews.com upgraded shares of JD.com (NASDAQ:JD) from a buy rating to a strong-buy rating in a research note published on Wednesday.

Other equities research analysts have also issued research reports about the company. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Citigroup reduced their price target on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Barclays 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. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Performance

NASDAQ JD opened at $35.37 on Wednesday. The firm’s fifty day moving average price is $36.19 and its two-hundred day moving average price is $33.16. The stock has a market cap of $55.78 billion, a PE ratio of 11.19, a PEG ratio of 0.25 and a beta of 0.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

Hedge Funds Weigh In On JD.com

Several institutional investors have recently added to or reduced their stakes in JD. Brooklyn Investment Group bought a new position in shares of JD.com during the 4th quarter worth about $34,000. Modus Advisors LLC acquired a new stake in JD.com in the fourth quarter valued at approximately $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com during the third quarter worth approximately $49,000. Trium Capital LLP acquired a new stake in JD.com in the 4th quarter valued at $62,000. Finally, 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. 15.98% of the stock is owned by institutional investors and hedge funds.

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.