JD.com (NASDAQ:JD) Downgraded to “Buy” Rating by StockNews.com

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

JD has been the subject of a number of other reports. Barclays raised their target price 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 dropped their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Benchmark reissued a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Trading Down 3.7 %

Shares of JD opened at $40.72 on Friday. The stock has a 50 day simple moving average of $36.81 and a 200-day simple moving average of $34.09. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a market cap of $64.22 billion, a PE ratio of 12.89, a PEG ratio of 0.30 and a beta of 0.39. JD.com has a 1 year low of $21.18 and a 1 year high of $47.82.

Hedge Funds Weigh In On JD.com

Several hedge funds have recently modified their holdings of JD. Richardson Financial Services Inc. acquired a new position in JD.com during the fourth quarter worth $27,000. Brooklyn Investment Group bought a new position in shares of JD.com in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC increased 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 purchasing an additional 417 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of JD.com in the 4th quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in JD.com in the 3rd quarter valued at about $49,000. 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.