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 Wednesday morning.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. upped their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Citigroup dropped 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 note on Friday, November 15th. Sanford C. Bernstein raised 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 report on Monday, December 9th. Barclays upped their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Stock Up 10.1 %

Shares of NASDAQ JD opened at $39.00 on Wednesday. The firm has a market cap of $61.51 billion, a P/E ratio of 12.34, 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 1 year low of $20.82 and a 1 year high of $47.82. The firm’s 50 day moving average price is $36.00 and its 200 day moving average price is $33.19.

Institutional Investors Weigh In On JD.com

Large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in JD.com by 41.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,508 shares of the information services provider’s stock valued at $850,000 after purchasing an additional 7,174 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of JD.com by 122.5% during the fourth quarter. SG Americas Securities LLC now owns 209,759 shares of the information services provider’s stock valued at $7,272,000 after acquiring an additional 115,504 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after acquiring an additional 417 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of JD.com by 29.6% in the fourth quarter. Atomi Financial Group Inc. now owns 22,966 shares of the information services provider’s stock worth $796,000 after acquiring an additional 5,241 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in JD.com by 0.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider’s stock valued at $3,487,000 after purchasing an additional 597 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

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.