JD.com (NASDAQ:JD) Cut to “Buy” at StockNews.com

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

Several other research analysts also recently issued reports on the stock. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and dropped their target price for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Barclays upped their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Citigroup reduced their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and upped their price target for the company from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Price Performance

JD opened at $40.72 on Friday. The firm has a market cap of $64.22 billion, a PE ratio of 12.89, a P/E/G ratio of 0.30 and a beta of 0.39. The stock has a 50-day moving average price of $36.93 and a 200-day moving average price of $34.23. JD.com has a 1 year low of $21.18 and a 1 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Polunin Capital Partners Ltd increased its holdings in JD.com by 27.8% in the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after acquiring an additional 447,264 shares in the last quarter. Seven Grand Managers LLC bought a new position in shares of JD.com in the third quarter worth approximately $16,800,000. Citigroup Inc. increased its stake in shares of JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock worth $16,012,000 after purchasing an additional 36,096 shares in the last quarter. SG Americas Securities LLC raised its position in shares of JD.com by 55.8% during the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after purchasing an additional 33,771 shares during the period. Finally, Maple Rock Capital Partners Inc. boosted its holdings in JD.com by 5.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after buying an additional 200,200 shares during the period. Hedge funds and other 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.