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

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

A number of other research firms have also weighed in on JD. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and reduced their target price for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Citigroup reduced their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Benchmark restated a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Finally, Barclays raised their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Stock Performance

JD stock opened at $39.12 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $36.06 and its two-hundred day simple moving average is $33.54. JD.com has a twelve month low of $21.18 and a twelve month high of $47.82. The firm has a market cap of $61.70 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 0.29 and a beta of 0.39.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JD. Prospect Financial Services LLC grew its holdings in JD.com by 62.5% in the 4th quarter. Prospect Financial Services LLC now owns 10,936 shares of the information services provider’s stock valued at $379,000 after buying an additional 4,205 shares in the last quarter. KBC Group NV grew its holdings in JD.com by 213.4% in the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock valued at $12,343,000 after buying an additional 242,409 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in JD.com in the 4th quarter valued at $66,000. Blue Trust Inc. grew its holdings in JD.com by 188.3% in the 4th quarter. Blue Trust Inc. now owns 9,103 shares of the information services provider’s stock valued at $316,000 after buying an additional 5,945 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in JD.com by 49.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 130,207 shares of the information services provider’s stock valued at $4,514,000 after buying an additional 43,177 shares in 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.