JD.com (NASDAQ:JD) Rating Increased to Buy at Loop Capital

JD.com (NASDAQ:JD) was upgraded by investment analysts at Loop Capital from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm currently has a $48.00 price objective on the information services provider’s stock, down from their previous price objective of $49.00. Loop Capital’s price target would indicate a potential upside of 18.96% from the company’s current price.

A number of other research analysts have also issued reports on the company. Susquehanna restated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. Sanford C. Bernstein reduced their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. Barclays boosted their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research 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 research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

JD.com Price Performance

JD stock opened at $40.35 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The stock’s 50 day moving average is $33.04 and its two-hundred day moving average is $30.06. The company has a market capitalization of $63.64 billion, a PE ratio of 18.42, a P/E/G ratio of 0.65 and a beta of 0.42.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $0.79 by $8.57. The company had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. Analysts predict 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 bought and sold shares of the company. Atlas Capital Advisors LLC bought a new stake in shares of JD.com during the 2nd quarter worth about $28,000. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 acquiring an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC bought a new stake in shares of JD.com during the 1st quarter worth about $58,000. Advisors Preferred LLC bought a new stake in shares of JD.com during the 1st quarter worth about $126,000. Finally, Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 2,360 shares in the last quarter. Hedge funds and other 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.