JD.com (NASDAQ:JD) Stock Rating Upgraded by 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 report released on Monday.

JD has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Citigroup dropped 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. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their price target for the company from $49.00 to $48.00 in a report on Monday, October 21st. Barclays lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Benchmark restated a “buy” rating and issued a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Up 1.2 %

Shares of JD opened at $34.67 on Monday. JD.com has a 12-month low of $20.82 and a 12-month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $54.68 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 0.30 and a beta of 0.38. The business’s 50 day moving average is $37.35 and its 200 day moving average is $32.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. purchased a new stake in JD.com during the 3rd quarter worth approximately $341,000. Tidal Investments LLC grew its holdings in shares of JD.com by 38.7% during the third quarter. Tidal Investments LLC now owns 34,036 shares of the information services provider’s stock valued at $1,361,000 after buying an additional 9,500 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com in the 3rd quarter valued at $49,000. World Investment Advisors LLC acquired a new stake in JD.com during the 3rd quarter worth about $3,170,000. Finally, Virtu Financial LLC grew its stake in JD.com by 86.5% during the 3rd quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider’s stock valued at $2,766,000 after purchasing an additional 32,079 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Company Profile

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.