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

JD.com (NASDAQ:JD) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Several other research firms have also weighed in on JD. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Barclays raised their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Stock Performance

Shares of JD opened at $35.14 on Tuesday. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The firm has a market capitalization of $55.42 billion, a PE ratio of 11.12, a P/E/G ratio of 0.30 and a beta of 0.39. The firm has a 50-day moving average price of $36.92 and a 200 day moving average price of $32.86. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On JD.com

Several hedge funds have recently modified their holdings of the business. Modus Advisors LLC bought a new stake in shares of JD.com in the fourth quarter valued at about $41,000. Wilmington Savings Fund Society FSB bought a new stake in shares of JD.com in the 3rd quarter worth approximately $49,000. Huntington National Bank grew its holdings in shares of JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new stake in shares of JD.com during the third quarter valued at approximately $103,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of JD.com by 58.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 1,102 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

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.