JD.com (NASDAQ:JD) Raised to Buy at StockNews.com

StockNews.com upgraded shares of JD.com (NASDAQ:JD) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Several other analysts also recently weighed in on JD. Susquehanna restated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. Barclays upped their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and cut their price target for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Sanford C. Bernstein lowered their price objective 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. Finally, Citigroup lowered their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.36.

JD.com Stock Down 2.0 %

JD stock opened at $34.68 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The company has a market capitalization of $54.69 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.29 and a beta of 0.41. The business’s 50 day moving average price is $38.24 and its two-hundred day moving average price is $31.65. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

Hedge Funds Weigh In On JD.com

Several hedge funds and other institutional investors have recently modified their holdings of JD. O Shaughnessy Asset Management LLC raised its holdings in JD.com by 103.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 62,002 shares of the information services provider’s stock worth $1,698,000 after purchasing an additional 31,563 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in JD.com by 94.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 163,961 shares of the information services provider’s stock worth $4,488,000 after purchasing an additional 79,852 shares during the period. Natixis raised its holdings in JD.com by 358.6% in the 1st quarter. Natixis now owns 31,164 shares of the information services provider’s stock worth $854,000 after purchasing an additional 24,369 shares during the period. Advisors Asset Management Inc. raised its holdings in JD.com by 24.0% in the 1st quarter. Advisors Asset Management Inc. now owns 10,433 shares of the information services provider’s stock worth $286,000 after purchasing an additional 2,022 shares during the period. Finally, Capital World Investors raised its holdings in JD.com by 9.9% in the 1st quarter. Capital World Investors now owns 22,038 shares of the information services provider’s stock worth $604,000 after purchasing an additional 1,987 shares during the period. 15.98% of the stock is owned by institutional investors.

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.