StockNews.com Downgrades JD.com (NASDAQ:JD) to Buy

StockNews.com lowered shares of JD.com (NASDAQ:JD) from a strong-buy rating to a buy rating in a research note released on Friday.

A number of other equities analysts have also commented on JD. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Barclays upped their price objective 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. Citigroup decreased their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Performance

Shares of NASDAQ JD opened at $40.72 on Friday. JD.com has a one year low of $21.18 and a one year high of $47.82. 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 firm has a market cap of $64.22 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 0.30 and a beta of 0.39. The stock’s fifty day moving average price is $36.81 and its two-hundred day moving average price is $34.09.

Institutional Trading of JD.com

A number of hedge funds have recently made changes to their positions in the company. Two Sigma Advisers LP increased its holdings in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after purchasing an additional 4,839,700 shares during the period. 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 valued at $611,080,000 after buying an additional 4,445,277 shares during the period. National Bank of Canada FI raised its position in shares of JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after acquiring an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of JD.com by 117.1% in the third 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 period. Finally, Point72 Hong Kong Ltd bought a new stake in JD.com in the third quarter valued at approximately $73,311,000. 15.98% of the stock is owned by institutional investors and hedge funds.

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.