JD.com (NASDAQ:JD) Lowered to “Buy” Rating by StockNews.com

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

A number of other equities research analysts also recently issued reports on JD. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Barclays increased their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and cut their target price for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Finally, Citigroup dropped their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Up 5.0 %

JD stock opened at $42.17 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company’s 50 day simple moving average is $37.32 and its 200-day simple moving average is $34.78. The firm has a market capitalization of $66.51 billion, a PE ratio of 13.34, a P/E/G ratio of 0.30 and a beta of 0.40. JD.com has a 12 month low of $21.18 and a 12 month high of $47.82.

Hedge Funds Weigh In On JD.com

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers grew its position in JD.com by 1.7% in the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock worth $561,000 after purchasing an additional 265 shares during the last quarter. Quintet Private Bank Europe S.A. increased its stake in JD.com by 4.5% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock valued at $271,000 after acquiring an additional 334 shares during the period. Nisa Investment Advisors LLC increased its stake in JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 417 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of JD.com by 4.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock worth $353,000 after acquiring an additional 436 shares during the period. Finally, 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. Institutional investors 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.