JD.com (NASDAQ:JD) Stock Rating Upgraded by StockNews.com

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

Other research analysts have also recently issued reports about the company. Morgan Stanley reissued an “equal weight” rating and set a $27.00 price target on shares of JD.com in a research report on Thursday, April 18th. JPMorgan Chase & Co. raised their target price on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Barclays upped their price target on shares of JD.com from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Mizuho lifted their price objective on shares of JD.com from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, HSBC boosted their price objective on shares of JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.20.

JD.com Trading Down 2.0 %

JD opened at $28.10 on Friday. The stock has a market capitalization of $44.32 billion, a P/E ratio of 12.83 and a beta of 0.46. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15. JD.com has a 12 month low of $20.82 and a 12 month high of $41.95. The firm’s fifty day simple moving average is $30.11 and its 200 day simple moving average is $26.97.

JD.com (NASDAQ:JD) last announced its earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. The business had revenue of $36.02 billion for the quarter, compared to analyst estimates of $35.75 billion. JD.com had a return on equity of 11.43% and a net margin of 2.26%. As a group, research analysts anticipate that JD.com will post 3.08 EPS for the current fiscal year.

Institutional Trading of JD.com

A number of institutional investors and hedge funds have recently made changes to their positions in JD. Allspring Global Investments Holdings LLC lifted its position in shares of JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after buying an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC bought a new position in shares of JD.com in the first quarter worth about $58,000. CWM LLC boosted its stake in shares of JD.com by 69.3% in the 4th quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock valued at $85,000 after purchasing an additional 1,208 shares in the last quarter. Compagnie Lombard Odier SCmA grew its holdings in shares of JD.com by 73.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock valued at $111,000 after purchasing an additional 1,631 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in JD.com by 20.1% during the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after purchasing an additional 686 shares in 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.