JD.com (NASDAQ:JD) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of JD.com (NASDAQ:JD) from a buy rating to a strong-buy rating in a research report report published on Monday.

Several other research firms have also issued reports on JD. Susquehanna reiterated a neutral rating and issued a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Barclays decreased their price objective on shares of JD.com from $41.00 to $40.00 and set an overweight rating for the company in a research note on Tuesday, July 16th. Loop Capital cut their target price on JD.com from $35.00 to $31.00 and set a hold rating on the stock in a research note on Friday, June 21st. Benchmark reduced their target price on JD.com from $55.00 to $47.00 and set a buy rating for the company in a report on Friday, August 16th. Finally, Macquarie upgraded JD.com from a neutral rating to an outperform rating and lifted their price target for the stock from $26.00 to $40.00 in a report on Friday, May 17th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $36.93.

JD.com Stock Performance

Shares of JD opened at $25.94 on Monday. JD.com has a one year low of $20.82 and a one year high of $35.69. The company has a market cap of $40.91 billion, a PE ratio of 11.84 and a beta of 0.39. The stock has a 50-day moving average of $26.76 and a 200-day moving average of $27.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88.

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 analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 11.43% and a net margin of 2.26%. The company had revenue of $291.40 billion for the quarter, compared to analysts’ expectations of $291.01 billion. During the same period last year, the business earned $0.68 EPS. JD.com’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that JD.com will post 3.15 EPS for the current fiscal year.

Institutional Investors Weigh In On JD.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its position in JD.com by 348.8% during the fourth quarter. International Assets Investment Management LLC now owns 31,346 shares of the information services provider’s stock valued at $906,000 after purchasing an additional 24,361 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in JD.com by 27.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,308 shares of the information services provider’s stock worth $500,000 after buying an additional 3,763 shares during the last quarter. abrdn plc boosted its stake in JD.com by 1.2% in the fourth quarter. abrdn plc now owns 53,544 shares of the information services provider’s stock worth $1,547,000 after buying an additional 659 shares in the last quarter. CWM LLC grew its position in JD.com by 69.3% during the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock valued at $85,000 after acquiring an additional 1,208 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of JD.com by 52.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,009,990 shares of the information services provider’s stock worth $57,867,000 after acquiring an additional 695,537 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other 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.