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 report issued on Thursday.

A number of other brokerages have also recently issued reports on JD. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and reduced their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. upped 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. Citigroup decreased their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and raised their price target for the company from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Benchmark restated a “buy” rating and set a $47.00 price objective 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Trading Up 5.2 %

NASDAQ JD opened at $40.72 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com has a one year low of $21.18 and a one year high of $47.82. The business has a 50 day simple moving average of $36.35 and a 200 day simple moving average of $33.72. The stock has a market capitalization of $64.22 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.29 and a beta of 0.39.

Institutional Trading of JD.com

Several hedge funds and other institutional investors have recently bought and sold shares of JD. Richardson Financial Services Inc. purchased a new position in JD.com in the 4th quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of JD.com in the 4th quarter valued at $34,000. Nisa Investment Advisors LLC boosted its stake in shares of 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 worth $35,000 after acquiring an additional 417 shares in the last quarter. Modus Advisors LLC purchased a new stake in JD.com during the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com in the third quarter valued at about $49,000. Hedge funds and other 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.