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

StockNews.com upgraded shares of JD.com (NASDAQ:JD) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning.

A number of other analysts have also recently commented on the company. Sanford C. Bernstein lowered their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and reduced 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 set a $28.00 price objective on shares of JD.com in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Barclays lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

JD.com Stock Performance

JD.com stock opened at $38.35 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. JD.com has a 1 year low of $20.82 and a 1 year high of $47.82. The company has a market cap of $60.48 billion, a PE ratio of 13.95, a PEG ratio of 0.43 and a beta of 0.41. The company’s 50-day moving average is $36.42 and its two-hundred day moving average is $31.28.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the prior year, the company posted $0.68 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that JD.com will post 3.74 earnings per share for the current year.

Institutional Trading of JD.com

A number of hedge funds and other institutional investors have recently made changes to their positions in JD. Atlas Capital Advisors LLC acquired a new stake in shares of JD.com in the second quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC raised its holdings in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares during the last quarter. Huntington National Bank raised its holdings in shares of JD.com by 32.1% in 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. Advisors Preferred LLC acquired a new stake in shares of JD.com in the first quarter valued at approximately $126,000. Finally, Blue Trust Inc. raised its holdings in shares of JD.com by 295.7% in the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after purchasing an additional 2,360 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.