JD.com (NASDAQ:JD) Lifted 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 released on Friday morning.

A number of other research firms have also recently commented on JD. Benchmark decreased their price target on JD.com from $55.00 to $47.00 and set a buy rating on the stock in a report on Friday, August 16th. Loop Capital lowered their price target on JD.com from $35.00 to $31.00 and set a hold rating on the stock in a report on Friday, June 21st. Susquehanna restated a neutral rating and issued a $28.00 price target on shares of JD.com in a research note 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 on the stock in a research report on Friday, August 16th. Finally, Barclays dropped their target price on shares of JD.com from $41.00 to $40.00 and set an overweight rating for the company in a research report on Tuesday, July 16th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $36.93.

JD.com Trading Down 0.7 %

Shares of NASDAQ:JD opened at $28.55 on Friday. The stock has a 50 day moving average of $26.56 and a 200 day moving average of $27.90. The company has a market cap of $45.03 billion, a PE ratio of 13.04 and a beta of 0.39. JD.com has a 12-month low of $20.82 and a 12-month high of $35.69. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. The business had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. As a group, equities research analysts expect that JD.com will post 3.74 EPS for the current year.

Hedge Funds Weigh In On JD.com

Several large investors have recently modified their holdings of JD. Parallel Advisors LLC increased its position in JD.com by 20.1% during the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after acquiring an additional 686 shares during the last quarter. Panagora Asset Management Inc. raised its position in JD.com by 2.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after purchasing an additional 719 shares during the period. Texas Yale Capital Corp. raised its position in JD.com by 5.8% in the 1st quarter. Texas Yale Capital Corp. now owns 13,968 shares of the information services provider’s stock worth $383,000 after purchasing an additional 760 shares during the period. Henry James International Management Inc. lifted its stake in JD.com by 3.6% in the first quarter. Henry James International Management Inc. now owns 22,866 shares of the information services provider’s stock worth $626,000 after purchasing an additional 786 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of JD.com by 4.8% during the second quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock valued at $447,000 after buying an additional 797 shares during the period. 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.