JD.com (NASDAQ:JD) Upgraded by Dbs Bank to Strong-Buy Rating

JD.com (NASDAQ:JD) was upgraded by equities research analysts at Dbs Bank to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Citigroup decreased their price target 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. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and decreased their price objective for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Up 4.5 %

Shares of NASDAQ:JD opened at $41.38 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The firm has a market capitalization of $65.26 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 0.30 and a beta of 0.40. The firm has a fifty day moving average of $37.63 and a 200 day moving average of $35.05. JD.com has a 52-week low of $21.18 and a 52-week high of $47.82.

Hedge Funds Weigh In On JD.com

Several institutional investors and hedge funds have recently made changes to their positions in JD. Aaron Wealth Advisors LLC bought a new stake in JD.com in the third quarter valued at $208,000. Blue Trust Inc. grew its holdings in JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after acquiring an additional 2,360 shares during the period. OLD National Bancorp IN acquired a new position in shares of JD.com in the 3rd quarter valued at $212,000. Lee Johnson Capital Management LLC acquired a new position in shares of JD.com in the 3rd quarter valued at $1,220,000. Finally, Allspring Global Investments Holdings LLC boosted its position in JD.com by 58.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock worth $120,000 after acquiring an additional 1,102 shares during the period. 15.98% of the stock is currently 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.