JD.com (NASDAQ:JD) Upgraded by StockNews.com to “Buy” Rating

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

Several other analysts have also recently weighed in on the stock. Citigroup dropped their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Susquehanna reiterated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Sanford C. Bernstein reduced their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their price target for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.36.

JD.com Stock Performance

NASDAQ:JD opened at $34.68 on Friday. The stock has a 50 day simple moving average of $38.24 and a 200 day simple moving average of $31.66. The stock has a market cap of $54.69 billion, a P/E ratio of 10.97, a PEG ratio of 0.29 and a beta of 0.41. JD.com has a 1-year low of $20.82 and a 1-year high of $47.82. 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 Trading of JD.com

A number of hedge funds and other institutional investors have recently modified their holdings of JD. Atlas Capital Advisors LLC acquired a new stake in shares of JD.com during the 2nd quarter valued at $28,000. Huntington National Bank boosted its stake in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new stake in shares of JD.com during the third quarter worth about $103,000. Allspring Global Investments Holdings LLC increased its stake in shares of JD.com by 58.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after buying an additional 1,102 shares during the period. Finally, Blue Trust Inc. raised its holdings in JD.com by 295.7% in the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after buying an additional 2,360 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.