JD.com (NASDAQ:JD) Rating Increased to Strong-Buy at Dbs Bank

Dbs Bank upgraded shares of JD.com (NASDAQ:JD) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

A number of other research firms also recently commented on JD. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Finally, Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their target price for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Stock Up 4.5 %

Shares of JD.com stock opened at $41.38 on Wednesday. The business’s fifty day moving average price is $37.63 and its two-hundred day moving average price is $35.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company has a market capitalization of $65.26 billion, a P/E ratio of 13.09, a PEG ratio of 0.30 and a beta of 0.40. JD.com has a 1-year low of $21.18 and a 1-year high of $47.82.

Institutional Trading of JD.com

A number of institutional investors have recently bought and sold shares of JD. Richardson Financial Services Inc. acquired a new stake in JD.com during the fourth quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in shares of JD.com in the fourth quarter worth about $34,000. Nisa Investment Advisors LLC boosted its stake in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after acquiring an additional 417 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of JD.com during the 4th quarter worth about $41,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after acquiring an additional 684 shares in the last quarter. 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.