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

JD.com (NASDAQ:JD) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

A number of other research firms have also recently commented on JD. JPMorgan Chase & Co. boosted their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Susquehanna reissued a “neutral” rating and set a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Sanford C. Bernstein cut their target price 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. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of JD.com in a report on Tuesday, October 15th. Finally, Barclays upped their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.71.

JD.com Trading Up 0.4 %

Shares of NASDAQ:JD traded up $0.17 during trading on Tuesday, reaching $40.03. 7,383,527 shares of the company traded hands, compared to its average volume of 14,894,669. The business’s fifty day moving average is $35.65 and its 200-day moving average is $31.08. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The firm has a market capitalization of $63.13 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 0.45 and a beta of 0.41. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $0.79 by $8.57. The company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. JD.com’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.68 EPS. As a group, analysts forecast that JD.com will post 3.74 EPS for the current year.

Institutional Investors Weigh In On JD.com

A number of large investors have recently bought and sold shares of the stock. Discerene Group LP boosted its holdings in JD.com by 66.0% in the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock valued at $152,147,000 after acquiring an additional 2,207,619 shares during the last quarter. WT Asset Management Ltd acquired a new position in JD.com in the third quarter valued at $55,635,000. Lazard Asset Management LLC boosted its holdings in JD.com by 30.7% in the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after acquiring an additional 1,368,356 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in JD.com by 177.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,873,282 shares of the information services provider’s stock valued at $74,931,000 after acquiring an additional 1,198,753 shares during the last quarter. Finally, M&G Plc acquired a new position in JD.com in the first quarter valued at $22,920,000. Institutional investors and hedge funds 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.