JD.com (NASDAQ:JD) Upgraded to “Buy” at Loop Capital

Loop Capital upgraded shares of JD.com (NASDAQ:JD) from a hold rating to a buy rating in a research report sent to investors on Monday morning, Marketbeat reports. They currently have $48.00 target price on the information services provider’s stock, down from their prior target price of $49.00.

A number of other research analysts have also recently commented on JD. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. Barclays increased their price target 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. JPMorgan Chase & Co. increased their price target 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 reaffirmed a “buy” rating and issued a $47.00 target price on shares of JD.com in a report on Tuesday, October 15th. Finally, Sanford C. Bernstein reduced their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

JD.com Stock Performance

NASDAQ:JD opened at $39.33 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The company has a fifty day moving average of $33.32 and a two-hundred day moving average of $30.13. The stock has a market capitalization of $62.03 billion, a PE ratio of 17.96, a P/E/G ratio of 0.65 and a beta of 0.42. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts forecast that JD.com will post 3.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new position in shares of JD.com during the 2nd quarter valued at about $28,000. Allspring Global Investments Holdings LLC increased its position in JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after purchasing an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC acquired a new stake in JD.com during the 1st quarter worth approximately $58,000. Blue Trust Inc. increased its position in JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after purchasing an additional 2,360 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new stake in JD.com during the 1st quarter worth approximately $126,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

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.