JD.com (NASDAQ:JD) Upgraded 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 report published on Friday morning.

Other equities research analysts have also issued research reports about the stock. Susquehanna restated a neutral rating and issued a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Sanford C. Bernstein reduced their price objective on shares of JD.com from $35.00 to $32.00 and set a market perform rating for the company in a research note on Friday, August 16th. Barclays dropped their target price on JD.com from $41.00 to $40.00 and set an overweight rating on the stock in a research report on Tuesday, July 16th. Loop Capital decreased their price objective on JD.com from $35.00 to $31.00 and set a hold rating for the company in a research note on Friday, June 21st. Finally, Benchmark cut their target price on JD.com from $55.00 to $47.00 and set a buy rating on the stock 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 given a strong buy rating to the stock. According to MarketBeat, JD.com currently has a consensus rating of Moderate Buy and an average price target of $36.93.

JD.com Price Performance

Shares of JD stock opened at $28.55 on Friday. The company’s 50-day simple moving average is $26.56 and its two-hundred day simple moving average is $27.90. The company has a market capitalization of $45.03 billion, a P/E ratio of 13.04 and a beta of 0.39. JD.com has a one year low of $20.82 and a one year high of $35.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share 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 return on equity of 13.51% and a net margin of 2.80%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. As a group, equities analysts anticipate that JD.com will post 3.74 EPS for the current year.

Hedge Funds Weigh In On JD.com

Several hedge funds have recently made changes to their positions in the company. Atlas Capital Advisors LLC purchased a new stake in JD.com in the second quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of JD.com by 812.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com in the first quarter worth $58,000. Parallel Advisors LLC raised its holdings in shares of JD.com by 20.1% during the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after purchasing an additional 686 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in JD.com during the first quarter valued at $126,000. 15.98% of the stock is owned by institutional investors and hedge funds.

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.