JD.com (NASDAQ:JD) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of JD.com (NASDAQ:JD) from a neutral rating to an overweight rating in a research note published on Friday, MarketBeat Ratings reports. They currently have $36.00 price objective on the information services provider’s stock, up from their previous price objective of $33.00.

JD has been the subject of several other reports. Barclays decreased their target price on shares of JD.com from $41.00 to $40.00 and set an overweight rating for the company in a report on Tuesday, July 16th. Morgan Stanley reissued an equal weight rating and set a $27.00 price objective on shares of JD.com in a report on Thursday, April 18th. 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 price objective for the company. Macquarie raised shares of JD.com from a neutral rating to an outperform rating and boosted their price objective for the company from $26.00 to $40.00 in a report on Friday, May 17th. Finally, Mizuho boosted their price objective on shares of JD.com from $33.00 to $40.00 and gave the company a buy rating in a report on Friday, May 17th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $36.93.

JD.com Stock Up 8.5 %

Shares of JD.com stock opened at $29.29 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.88 and a current ratio of 1.15. The stock has a market capitalization of $46.19 billion, a PE ratio of 13.37 and a beta of 0.39. JD.com has a 52-week low of $20.82 and a 52-week high of $35.69. The company has a 50-day simple moving average of $27.05 and a two-hundred day simple moving average of $27.24.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $8.57. The business had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. On average, analysts anticipate that JD.com will post 3.15 EPS for the current fiscal year.

Institutional Trading of JD.com

Large investors have recently added to or reduced their stakes in the business. FIL Ltd boosted its position in shares of JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after purchasing an additional 3,441,605 shares during the period. Lazard Asset Management LLC boosted its position in shares of JD.com by 30.7% in the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after purchasing an additional 1,368,356 shares during the period. Discerene Group LP boosted its position in shares of JD.com by 66.0% in the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after purchasing an additional 2,207,619 shares during the period. National Bank of Canada FI boosted its position in shares of JD.com by 292.4% in the fourth quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock worth $120,679,000 after purchasing an additional 3,305,956 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of JD.com by 16.4% in the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock worth $110,601,000 after purchasing an additional 603,211 shares during the period. 15.98% of the stock is currently 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.