JD.com (NASDAQ:JD) Earns “Buy” Rating from Benchmark

Benchmark restated their buy rating on shares of JD.com (NASDAQ:JD) in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a $47.00 price objective on the information services provider’s stock.

Several other equities research analysts have also issued reports on JD. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 13th. Susquehanna reaffirmed a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their price target 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. Sanford C. Bernstein cut their price objective on shares of 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. Finally, Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and lowered their price target for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Price Performance

NASDAQ:JD opened at $35.33 on Friday. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The stock has a fifty day moving average of $37.54 and a 200 day moving average of $31.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The firm has a market capitalization of $55.72 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 0.39 and a beta of 0.41.

Hedge Funds Weigh In On JD.com

Hedge funds have recently bought and sold shares of the company. Atlas Capital Advisors LLC bought a new stake in shares of JD.com in the 2nd quarter worth $28,000. Allspring Global Investments Holdings LLC boosted its position in shares of JD.com by 812.1% during 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 buying an additional 1,681 shares during the last quarter. Huntington National Bank increased its holdings in JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new position in JD.com in the 3rd quarter worth about $103,000. Finally, Blue Trust Inc. lifted its stake in JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 2,360 shares during the period. 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.