JD.com (NASDAQ:JD) Raised to “Strong-Buy” at StockNews.com

JD.com (NASDAQ:JD) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

JD has been the topic of several other reports. Citigroup cut their price target 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. JPMorgan Chase & Co. lifted their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Benchmark reissued a “buy” rating and issued a $47.00 target price on shares of JD.com in a research note on Friday, November 15th. Barclays raised their target price 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, Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and reduced their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $41.36.

JD.com Stock Performance

Shares of JD opened at $35.42 on Wednesday. JD.com has a 12 month low of $20.82 and a 12 month high of $47.82. The stock has a fifty day moving average price of $36.12 and a 200-day moving average price of $33.17. 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 firm has a market cap of $55.86 billion, a PE ratio of 11.21, a P/E/G ratio of 0.25 and a beta of 0.39.

Hedge Funds Weigh In On JD.com

A number of hedge funds have recently made changes to their positions in JD. Brooklyn Investment Group acquired a new stake in JD.com during the 4th quarter valued at $34,000. Modus Advisors LLC acquired a new position in shares of JD.com in the 4th quarter valued at about $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com in the 3rd quarter valued at about $49,000. Trium Capital LLP acquired a new position in shares of JD.com in the 4th quarter valued at about $62,000. Finally, Huntington National Bank boosted its holdings in shares of JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after buying an additional 452 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.