StockNews.com Upgrades JD.com (NASDAQ:JD) to “Strong-Buy”

StockNews.com upgraded shares of JD.com (NASDAQ:JD) from a buy rating to a strong-buy rating in a research report report published on Thursday.

A number of other brokerages have also weighed in on JD. Benchmark restated a “buy” rating and issued a $47.00 target price on shares of JD.com in a research note on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their target price for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Citigroup lowered their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. upped their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average target price of $41.36.

JD.com Trading Down 1.1 %

JD stock opened at $38.70 on Thursday. The business has a fifty day moving average price of $36.13 and a 200 day moving average price of $33.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com has a fifty-two week low of $21.18 and a fifty-two week high of $47.82. The stock has a market capitalization of $61.03 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 0.28 and a beta of 0.39.

Hedge Funds Weigh In On JD.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caprock Group LLC raised its position in shares of JD.com by 26.4% in the 4th quarter. Caprock Group LLC now owns 15,748 shares of the information services provider’s stock valued at $546,000 after acquiring an additional 3,291 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in JD.com by 76.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider’s stock worth $114,886,000 after purchasing an additional 1,440,418 shares during the period. UG Investment Advisers Ltd. raised its holdings in JD.com by 495,572.7% in the fourth quarter. UG Investment Advisers Ltd. now owns 54,524 shares of the information services provider’s stock worth $1,890,000 after purchasing an additional 54,513 shares during the period. SteelPeak Wealth LLC bought a new position in shares of JD.com during the fourth quarter worth $290,000. Finally, Prospect Financial Services LLC grew its holdings in shares of JD.com by 62.5% in the 4th quarter. Prospect Financial Services LLC now owns 10,936 shares of the information services provider’s stock valued at $379,000 after buying an additional 4,205 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.