JD.com (NASDAQ:JD) Rating Increased 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 research report released on Wednesday.

Several other brokerages have also recently issued reports on JD. JPMorgan Chase & Co. upped their price objective 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 cut their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Barclays lifted their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and cut their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Price Performance

JD opened at $39.00 on Wednesday. The company has a market capitalization of $61.51 billion, a P/E ratio of 12.34, a PEG ratio of 0.25 and a beta of 0.39. The company has a 50-day moving average of $36.00 and a 200-day moving average of $33.19. 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.

Hedge Funds Weigh In On JD.com

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in JD.com in the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC raised its stake in JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares during the period. Modus Advisors LLC purchased a new stake in shares of JD.com in the fourth quarter valued at $41,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of JD.com in the third quarter worth $49,000. Finally, Trium Capital LLP purchased a new position in shares of JD.com during the fourth quarter valued at $62,000. Institutional investors and hedge funds 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.