JD.com (NASDAQ:JD) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of JD.com (NASDAQ:JD) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday.

JD has been the subject of a number of other reports. 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 report on Friday, August 16th. Loop Capital reduced their target price on shares of JD.com from $35.00 to $31.00 and set a hold rating for the company in a research report on Friday, June 21st. Benchmark reduced their target price on shares of JD.com from $55.00 to $47.00 and set a buy rating for the company in a research report on Friday, August 16th. Barclays reduced 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. Finally, Susquehanna reissued a neutral rating and set a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the 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 1.5 %

JD opened at $26.24 on Wednesday. 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 has a fifty-two week low of $20.82 and a fifty-two week high of $35.69. The firm has a market capitalization of $41.38 billion, a PE ratio of 11.98 and a beta of 0.39. The company’s 50-day moving average is $26.55 and its 200 day moving average is $27.70.

JD.com (NASDAQ:JD) last issued 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. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the prior year, the firm posted $0.68 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts predict that JD.com will post 3.74 earnings per share for the current fiscal year.

Institutional Trading of JD.com

Several institutional investors and hedge funds have recently bought and sold shares of JD. International Assets Investment Management LLC lifted its stake in JD.com by 348.8% in the 4th quarter. International Assets Investment Management LLC now owns 31,346 shares of the information services provider’s stock worth $906,000 after purchasing an additional 24,361 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of JD.com by 44.6% during the 4th quarter. Natixis Advisors L.P. now owns 18,837 shares of the information services provider’s stock valued at $544,000 after buying an additional 5,814 shares in the last quarter. Private Advisor Group LLC raised its position in shares of JD.com by 26.4% during the 4th quarter. Private Advisor Group LLC now owns 14,824 shares of the information services provider’s stock valued at $417,000 after buying an additional 3,097 shares in the last quarter. Boston Partners purchased a new stake in shares of JD.com during the 4th quarter valued at $500,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of JD.com during the 4th quarter valued at $423,000. 15.98% of the stock is currently owned by hedge funds and other 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.