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 note published on Wednesday.

A number of other brokerages have also recently commented on JD. Macquarie raised 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 research note on Friday, May 17th. Mizuho lifted their price target on JD.com from $33.00 to $40.00 and gave the stock a buy rating in a research note on Friday, May 17th. Barclays decreased their price target on JD.com from $41.00 to $40.00 and set an overweight rating on the stock in a research note on Tuesday, July 16th. Susquehanna reaffirmed a neutral rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. raised JD.com from a neutral rating to an overweight rating and lifted their price target for the stock from $33.00 to $36.00 in a research note on Friday, August 16th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $36.93.

JD.com Stock Performance

JD.com stock opened at $26.24 on Wednesday. The firm has a fifty day simple moving average of $26.55 and a two-hundred day simple moving average of $27.70. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. JD.com has a twelve month low of $20.82 and a twelve month high of $35.69. The company has a market capitalization of $41.38 billion, a PE ratio of 11.98 and a beta of 0.39.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. During the same quarter in the previous year, the company posted $0.68 EPS. JD.com’s revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts expect that JD.com will post 3.74 EPS for the current year.

Hedge Funds Weigh In On JD.com

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new stake in JD.com in the second quarter worth $872,000. Wallace Advisory Group LLC boosted its holdings in JD.com by 9.9% in the second quarter. Wallace Advisory Group LLC now owns 29,369 shares of the information services provider’s stock worth $759,000 after acquiring an additional 2,652 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in JD.com by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 67,130 shares of the information services provider’s stock worth $1,735,000 after acquiring an additional 1,161 shares in the last quarter. Creative Planning boosted its holdings in JD.com by 5.1% in the second quarter. Creative Planning now owns 180,458 shares of the information services provider’s stock worth $4,663,000 after acquiring an additional 8,782 shares in the last quarter. Finally, SIH Partners LLLP bought a new stake in JD.com in the second quarter worth $876,000. Institutional investors 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.