JD.com (NASDAQ:JD) Stock Rating Upgraded by 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 research note issued on Monday.

A number of other analysts have also recently commented on JD. JPMorgan Chase & Co. boosted their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research 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. Citigroup lowered their price target on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Finally, Barclays lifted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Down 2.1 %

NASDAQ:JD traded down $0.72 during mid-day trading on Monday, hitting $34.26. 12,568,132 shares of the company’s stock were exchanged, compared to its average volume of 14,403,020. The company has a market cap of $54.03 billion, a PE ratio of 10.84, a P/E/G ratio of 0.30 and a beta of 0.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com has a one year low of $20.82 and a one year high of $47.82. The business has a fifty day moving average price of $37.46 and a 200 day moving average price of $32.65.

Hedge Funds Weigh In On JD.com

Several hedge funds and other institutional investors have recently modified their holdings of JD. Huntington National Bank increased its position in shares of JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares during the last quarter. SRN Advisors LLC increased its holdings in JD.com by 1.6% during the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock valued at $1,288,000 after buying an additional 516 shares during the last quarter. Panagora Asset Management Inc. raised its position in JD.com by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after acquiring an additional 719 shares during the period. Douglass Winthrop Advisors LLC boosted its stake in shares of JD.com by 4.0% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock worth $849,000 after acquiring an additional 820 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of JD.com by 3.1% during the 3rd quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock valued at $1,172,000 after acquiring an additional 889 shares during the period. 15.98% of the stock is owned by 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.