JD.com (NASDAQ:JD) Rating Increased to Strong-Buy at StockNews.com

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

JD has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock 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 cut their target price for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Barclays increased their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Stock Up 5.2 %

JD stock opened at $40.72 on Thursday. The company’s 50 day simple moving average is $36.35 and its 200-day simple moving average is $33.72. JD.com has a 12 month low of $21.18 and a 12 month high of $47.82. The firm has a market capitalization of $64.22 billion, a PE ratio of 12.89, a P/E/G ratio of 0.29 and a beta of 0.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

Institutional Trading of JD.com

A number of hedge funds have recently modified their holdings of the business. FMR LLC increased its stake in shares of JD.com by 41.0% in the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares in the last quarter. Two Sigma Advisers LP raised its holdings in JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after buying an additional 4,839,700 shares during the period. Fisher Asset Management LLC boosted its stake in shares of JD.com by 9.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock worth $162,904,000 after purchasing an additional 336,740 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of JD.com by 117.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after acquiring an additional 2,175,568 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. grew its holdings in shares of JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after purchasing an additional 200,200 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.