JD.com (NASDAQ:JD) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of JD.com (NASDAQ:JD) from a hold rating to a buy rating in a report released on Friday.

JD has been the topic of a number of other research reports. Susquehanna restated a “neutral” rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Citigroup cut their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Barclays increased their target price 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. Finally, JPMorgan Chase & Co. boosted 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. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Price Performance

JD stock opened at $34.51 on Friday. The firm has a 50 day simple moving average of $38.40 and a two-hundred day simple moving average of $31.66. 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 stock has a market cap of $54.43 billion, a PE ratio of 10.92, a P/E/G ratio of 0.29 and a beta of 0.41. JD.com has a one year low of $20.82 and a one year high of $47.82.

Institutional Investors Weigh In On JD.com

A number of large investors have recently modified their holdings of JD. Canada Pension Plan Investment Board boosted its stake in JD.com by 9.8% during the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after acquiring an additional 129,763 shares in the last quarter. Polunin Capital Partners Ltd lifted its holdings in shares of JD.com by 27.8% during the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after purchasing an additional 447,264 shares during the last quarter. Seven Grand Managers LLC purchased a new stake in shares of JD.com in the 3rd quarter worth approximately $16,800,000. SG Americas Securities LLC increased its position in JD.com by 55.8% during the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after buying an additional 33,771 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in JD.com by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after buying an additional 63,800 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

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.