JD.com (NASDAQ:JD) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of JD.com (NASDAQ:JD) from a buy rating to a strong-buy rating in a research report report published on Monday.

Several other brokerages also recently weighed in on JD. Loop Capital lowered their price objective on JD.com from $35.00 to $31.00 and set a hold rating for the company in a research report on Friday, June 21st. JPMorgan Chase & Co. raised shares of JD.com from a neutral rating to an overweight rating and increased their price target for the company from $33.00 to $36.00 in a research report on Friday, August 16th. Benchmark decreased their price objective on shares of JD.com from $55.00 to $47.00 and set a buy rating on the stock in a research report on Friday, August 16th. 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 report on Tuesday, July 16th. Finally, Susquehanna restated a neutral rating and set a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $36.93.

JD.com Trading Up 4.4 %

JD stock opened at $44.80 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The company has a market capitalization of $70.65 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 0.45 and a beta of 0.39. The company’s 50 day moving average price is $28.37 and its two-hundred day moving average price is $28.53. JD.com has a one year low of $20.82 and a one year high of $46.64.

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

Institutional Investors Weigh In On JD.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FIL Ltd lifted its holdings in shares of JD.com by 124.3% during the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after purchasing an additional 3,441,605 shares during the last quarter. Lazard Asset Management LLC raised its stake in JD.com by 30.7% during the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after buying an additional 1,368,356 shares during the last quarter. Discerene Group LP boosted its holdings in JD.com by 66.0% in the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after acquiring an additional 2,207,619 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of JD.com by 16.4% in the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock worth $110,601,000 after acquiring an additional 603,211 shares during the last quarter. Finally, Aspex Management HK Ltd bought a new position in shares of JD.com during the fourth quarter valued at $114,009,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.