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

JD.com (NASDAQ:JDGet Free Report) was upgraded by 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 analysts have also commented on JD. Barclays upped their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital upgraded 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 report on Monday, October 21st. Citigroup lowered their price objective 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. JPMorgan Chase & Co. upped their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, 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. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

Get Our Latest Analysis on JD.com

JD.com Trading Up 5.2 %

Shares of JD stock opened at $40.72 on Thursday. The firm has a market capitalization of $64.22 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 0.29 and a beta of 0.39. JD.com has a 1 year low of $21.18 and a 1 year high of $47.82. The firm’s fifty day simple moving average is $36.24 and its 200 day simple moving average is $33.62. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JD. Caas Capital Management LP raised its position in shares of JD.com by 46.2% in the 4th quarter. Caas Capital Management LP now owns 74,080 shares of the information services provider’s stock valued at $2,568,000 after acquiring an additional 23,421 shares during the period. Richardson Financial Services Inc. acquired a new stake in JD.com in the fourth quarter worth $27,000. Caprock Group LLC boosted its position in shares of JD.com by 26.4% during the fourth quarter. Caprock Group LLC now owns 15,748 shares of the information services provider’s stock worth $546,000 after purchasing an additional 3,291 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of JD.com by 76.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider’s stock valued at $114,886,000 after buying an additional 1,440,418 shares during the period. Finally, UG Investment Advisers Ltd. increased its position in shares of JD.com by 495,572.7% in the 4th quarter. UG Investment Advisers Ltd. now owns 54,524 shares of the information services provider’s stock valued at $1,890,000 after buying an additional 54,513 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

(Get Free Report)

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.

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Analyst Recommendations for JD.com (NASDAQ:JD)

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