JD.com (NASDAQ:JD) Cut to “Buy” at StockNews.com

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

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

JD.com Stock Up 0.7 %

NASDAQ:JD opened at $39.59 on Tuesday. The firm has a market capitalization of $62.44 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.30 and a beta of 0.40. JD.com has a 1-year low of $21.18 and a 1-year high of $47.82. 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 business’s fifty day moving average price is $37.56 and its 200 day moving average price is $35.02.

Hedge Funds Weigh In On JD.com

Several institutional investors and hedge funds have recently made changes to their positions in JD. Rhumbline Advisers boosted its holdings in shares of JD.com by 1.7% in the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock valued at $561,000 after purchasing an additional 265 shares in the last quarter. Quintet Private Bank Europe S.A. lifted its stake in shares of JD.com by 4.5% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock valued at $271,000 after acquiring an additional 334 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 417 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in JD.com by 4.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock worth $353,000 after purchasing an additional 436 shares during the last quarter. Finally, Huntington National Bank raised its position in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares during the last quarter. 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.