StockNews.com Downgrades JD.com (NASDAQ:JD) to Buy

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.

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

JD.com Trading Down 0.6 %

JD stock opened at $35.14 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a market cap of $55.42 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.30 and a beta of 0.39. JD.com has a 1-year low of $20.82 and a 1-year high of $47.82. The business’s 50 day moving average is $36.92 and its 200-day moving average is $32.86.

Institutional Investors Weigh In On JD.com

Institutional investors and hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of JD.com by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 451,509 shares of the information services provider’s stock worth $15,821,000 after buying an additional 30,140 shares during the last quarter. Modus Advisors LLC acquired a new stake in JD.com during the 4th quarter worth $41,000. B. Riley Wealth Advisors Inc. bought a new position in JD.com during the third quarter worth about $341,000. Tidal Investments LLC grew its stake in JD.com by 38.7% in the third quarter. Tidal Investments LLC now owns 34,036 shares of the information services provider’s stock valued at $1,361,000 after acquiring an additional 9,500 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of JD.com in the third quarter worth about $49,000. 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.