JD.com (NASDAQ:JD) Stock Rating Upgraded by StockNews.com

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

A number of other brokerages have also issued reports on JD. Morgan Stanley restated an “equal weight” rating and issued a $27.00 target price on shares of JD.com in a research report on Thursday, April 18th. Barclays dropped their price target on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Mizuho raised their price objective on shares of JD.com from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Loop Capital lowered their price objective on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Finally, The Goldman Sachs Group assumed coverage on shares of JD.com in a report on Thursday, April 25th. They set a “buy” rating and a $37.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.13.

JD.com Stock Performance

Shares of NASDAQ:JD traded down $0.10 during trading on Friday, reaching $25.88. 4,326,701 shares of the company’s stock traded hands, compared to its average volume of 12,861,063. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88. The company has a 50 day moving average of $27.35 and a 200-day moving average of $27.09. JD.com has a 12 month low of $20.82 and a 12 month high of $39.40. The stock has a market capitalization of $40.82 billion, a P/E ratio of 11.82 and a beta of 0.39.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, May 16th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. The business had revenue of $36.02 billion during the quarter, compared to analyst estimates of $35.75 billion. JD.com had a return on equity of 11.43% and a net margin of 2.26%. On average, equities analysts expect that JD.com will post 3.15 EPS for the current year.

Hedge Funds Weigh In On JD.com

Several institutional investors have recently bought and sold shares of the stock. Atlas Capital Advisors LLC bought a new stake in JD.com during the second quarter valued at about $28,000. Allspring Global Investments Holdings LLC grew its holdings in JD.com by 812.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after buying an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC acquired a new position in shares of JD.com during the first quarter worth approximately $58,000. CWM LLC grew its stake in shares of JD.com by 69.3% in the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock worth $85,000 after acquiring an additional 1,208 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after purchasing an additional 686 shares during the period. 15.98% of the stock is currently 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.