JD.com (NASDAQ:JD) Upgraded 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 Tuesday.

A number of other analysts have also recently commented on JD. Susquehanna restated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein lowered their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Finally, Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and dropped their target price for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.71.

JD.com Trading Up 6.6 %

Shares of NASDAQ:JD opened at $41.23 on Tuesday. The stock’s 50-day simple moving average is $35.90 and its two-hundred day simple moving average is $31.13. The stock has a market capitalization of $65.02 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.45 and a beta of 0.41. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15.

JD.com (NASDAQ:JD) last posted its quarterly earnings data 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. The company had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. Analysts expect that JD.com will post 3.74 EPS for the current year.

Institutional Trading of JD.com

Large investors have recently made changes to their positions in the business. Atlas Capital Advisors LLC bought a new position in shares of JD.com in the 2nd quarter valued at about $28,000. Allspring Global Investments Holdings LLC lifted its stake 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 purchasing an additional 1,681 shares during the last quarter. Huntington National Bank boosted its holdings in shares of JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares during the period. Advisors Preferred LLC bought a new position in shares of JD.com during the 1st quarter valued at approximately $126,000. Finally, Blue Trust Inc. raised its holdings in JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after buying an additional 2,360 shares during the period. 15.98% of the stock is currently owned by institutional investors.

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.