JD.com (NASDAQ:JD) Upgraded by StockNews.com to Strong-Buy Rating

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

A number of other research firms have also recently weighed in on JD. JPMorgan Chase & Co. increased their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and lowered their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. Benchmark restated a “buy” rating and set a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Citigroup lowered 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. Finally, Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and raised their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Stock Performance

NASDAQ JD opened at $39.12 on Thursday. The stock has a market cap of $61.70 billion, a PE ratio of 12.38, a P/E/G ratio of 0.29 and a beta of 0.39. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com has a twelve month low of $21.18 and a twelve month high of $47.82. The stock has a fifty day simple moving average of $36.06 and a 200-day simple moving average of $33.54.

Institutional Investors Weigh In On JD.com

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group acquired a new position in JD.com during the fourth quarter worth approximately $34,000. Nisa Investment Advisors LLC grew its stake in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of JD.com in the 4th quarter valued at approximately $41,000. Wilmington Savings Fund Society FSB purchased a new position in shares of JD.com in the 3rd quarter valued at approximately $49,000. Finally, Trium Capital LLP purchased a new position in shares of JD.com in the 4th quarter valued at approximately $62,000. Institutional investors and hedge funds 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.