JD.com (NASDAQ:JD) Stock Rating Upgraded by StockNews.com

JD.com (NASDAQ:JD) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other equities research analysts have also issued reports on JD. Citigroup lowered their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Susquehanna reissued a “neutral” rating and set a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Barclays increased their target price 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. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and lowered their target price for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, Sanford C. Bernstein lowered 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 research note on Friday, August 16th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Price Performance

Shares of JD opened at $34.68 on Friday. The business’s 50-day moving average is $38.24 and its two-hundred day moving average is $31.65. The company has a market capitalization of $54.69 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.29 and a beta of 0.41. 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.

Institutional Trading of JD.com

Several institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its holdings in JD.com by 86.5% in the 3rd quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider’s stock valued at $2,766,000 after purchasing an additional 32,079 shares during the last quarter. Toronto Dominion Bank increased its holdings in JD.com by 62.7% in the 3rd quarter. Toronto Dominion Bank now owns 10,000 shares of the information services provider’s stock valued at $400,000 after purchasing an additional 3,854 shares during the last quarter. TT International Asset Management LTD acquired a new stake in JD.com in the 3rd quarter valued at approximately $15,701,000. Synergy Financial Group LTD acquired a new stake in JD.com in the 3rd quarter valued at approximately $299,000. Finally, Geller Advisors LLC purchased a new position in JD.com in the 3rd quarter valued at approximately $560,000. Institutional investors and hedge funds 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.