JD.com (NASDAQ:JD) Rating Increased to Strong-Buy at StockNews.com

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

Other research analysts have also issued research reports about the company. Citigroup lowered their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Barclays increased their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Trading Down 1.1 %

Shares of NASDAQ JD opened at $38.70 on Thursday. The business has a 50 day simple moving average of $36.13 and a 200 day simple moving average of $33.58. JD.com has a 52 week low of $21.18 and a 52 week high of $47.82. The stock has a market cap of $61.03 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 0.28 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.

Institutional Trading of JD.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new stake in JD.com during the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC boosted its stake in JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after buying an additional 417 shares in the last quarter. Modus Advisors LLC acquired a new stake in JD.com in the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB bought a new stake in JD.com in the third quarter valued at $49,000. Finally, Trium Capital LLP acquired a new position in JD.com during the fourth quarter worth $62,000. 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.