JD.Com (NASDAQ:JD) was upgraded by TheStreet from a “d+” rating to a “c” rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.
Other equities analysts have also issued reports about the stock. CICC Research upgraded shares of JD.Com from a “hold” rating to a “buy” rating and set a $27.66 price target on the stock in a research report on Monday. Zacks Investment Research lowered shares of JD.Com from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Stifel Nicolaus restated a “hold” rating and set a $32.00 price target on shares of JD.Com in a research report on Friday. Morgan Stanley boosted their price target on shares of JD.Com from $25.00 to $28.00 and gave the stock an “in-line” rating in a research report on Monday, April 15th. Finally, Macquarie set a $22.00 price target on shares of JD.Com and gave the stock a “hold” rating in a research report on Friday, January 25th. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. JD.Com currently has an average rating of “Hold” and an average price target of $31.90.
Shares of NASDAQ JD opened at $28.18 on Friday. JD.Com has a 52-week low of $19.21 and a 52-week high of $45.23. The stock has a market capitalization of $33.12 billion, a PE ratio of -939.33 and a beta of 1.30. The company has a current ratio of 0.87, a quick ratio of 0.50 and a debt-to-equity ratio of 0.16.
Several hedge funds have recently made changes to their positions in JD. Hillhouse Capital Advisors Ltd. acquired a new position in JD.Com during the 4th quarter worth approximately $314,813,000. Norges Bank acquired a new position in JD.Com during the 4th quarter worth approximately $199,040,000. Carmignac Gestion grew its holdings in JD.Com by 1,472.3% during the 4th quarter. Carmignac Gestion now owns 7,702,694 shares of the information services provider’s stock worth $161,217,000 after acquiring an additional 7,212,802 shares in the last quarter. BlackRock Inc. grew its holdings in JD.Com by 11.6% during the 1st quarter. BlackRock Inc. now owns 39,266,220 shares of the information services provider’s stock worth $1,183,877,000 after acquiring an additional 4,066,194 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of JD.Com by 50.8% in the 3rd quarter. Morgan Stanley now owns 9,170,799 shares of the information services provider’s stock valued at $239,266,000 after buying an additional 3,088,098 shares in the last quarter. Hedge funds and other institutional investors own 47.91% of the company’s stock.
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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