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

JD.com (NASDAQ:JD) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

A number of other equities research analysts also recently issued reports on the stock. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $46.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and reduced their target price for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, Barclays raised their price target 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 investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and an average price target of $41.36.

JD.com Trading Up 4.0 %

NASDAQ:JD opened at $34.74 on Wednesday. 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 1 year low of $20.82 and a 1 year high of $47.82. The stock has a market cap of $54.79 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.30 and a beta of 0.39. The stock has a 50-day simple moving average of $36.19 and a 200-day simple moving average of $33.16.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Modus Advisors LLC acquired a new position in JD.com during the fourth quarter worth 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 lifted its stake in JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new position in JD.com in the third quarter worth approximately $103,000. Finally, Allspring Global Investments Holdings LLC increased its holdings 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 buying an additional 1,102 shares in the last quarter. Institutional investors and hedge funds 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.