JD.com (NASDAQ:JD) Upgraded by StockNews.com to Strong-Buy Rating

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.

Other research analysts have also issued reports about the company. Barclays boosted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. upped their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Citigroup cut their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.36.

JD.com Trading Up 1.8 %

Shares of NASDAQ:JD opened at $35.37 on Wednesday. The company has a 50-day simple moving average of $36.19 and a 200 day simple moving average of $33.16. The company has a market capitalization of $55.78 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JD. Trium Capital LLP bought a new stake in shares of JD.com during the 4th quarter worth approximately $62,000. Brooklyn Investment Group bought a new stake in JD.com during the fourth quarter worth $34,000. Ritholtz Wealth Management boosted its holdings in shares of JD.com by 51.1% in the 4th quarter. Ritholtz Wealth Management now owns 98,898 shares of the information services provider’s stock valued at $3,429,000 after purchasing an additional 33,441 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of JD.com by 68.8% in the 4th quarter. Park Avenue Securities LLC now owns 38,125 shares of the information services provider’s stock valued at $1,322,000 after purchasing an additional 15,542 shares during the last quarter. Finally, Headwater Capital Co Ltd acquired a new position in shares of JD.com during the 4th quarter worth $17,335,000. 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.