JD.com (NASDAQ:JD) Rating Increased to Outperform at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of JD.com (NASDAQ:JD) from a market perform rating to an outperform rating in a report issued on Monday, Marketbeat reports. The firm currently has $46.00 price objective on the information services provider’s stock, up from their previous price objective of $43.00.

Other equities research analysts also recently issued research reports about the company. Barclays lifted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Loop Capital upgraded shares of 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. Susquehanna reissued a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. 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 report on Friday, November 15th. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Trading Up 11.0 %

Shares of NASDAQ:JD opened at $41.27 on Monday. The stock has a market cap of $65.09 billion, a PE ratio of 13.06, a P/E/G ratio of 0.30 and a beta of 0.38. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com has a 12-month low of $20.82 and a 12-month high of $47.82. The business has a 50 day moving average of $39.33 and a 200-day moving average of $31.93.

Institutional Trading of JD.com

Large investors have recently bought and sold shares of the business. Cetera Advisors LLC acquired a new stake in JD.com in the first quarter valued at approximately $280,000. QRG Capital Management Inc. boosted its holdings in shares of JD.com by 4.7% during the 2nd quarter. QRG Capital Management Inc. now owns 28,408 shares of the information services provider’s stock valued at $734,000 after acquiring an additional 1,273 shares in the last quarter. SG Americas Securities LLC grew its position in JD.com by 51.1% during the 2nd quarter. SG Americas Securities LLC now owns 60,484 shares of the information services provider’s stock worth $1,563,000 after acquiring an additional 20,445 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in JD.com by 16.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,858 shares of the information services provider’s stock worth $255,000 after purchasing an additional 1,396 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of JD.com by 4.8% during the second quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock worth $447,000 after purchasing an additional 797 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.