JD.com (NASDAQ:JD) Upgraded 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 sent to investors on Monday morning.

Other equities analysts have also recently issued research reports about the company. Barclays boosted their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a report on Friday, November 15th. JPMorgan Chase & Co. raised their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Citigroup lowered their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Performance

Shares of NASDAQ:JD opened at $34.67 on Monday. JD.com has a 1 year low of $20.82 and a 1 year high of $47.82. The stock has a market capitalization of $54.68 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.30 and a beta of 0.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company’s 50 day simple moving average is $37.24 and its 200 day simple moving average is $32.71.

Institutional Trading of JD.com

A number of institutional investors have recently bought and sold shares of JD. Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com during the 3rd quarter valued at $49,000. Huntington National Bank raised its holdings in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares during the period. Transamerica Financial Advisors Inc. bought a new position in shares of JD.com during the 3rd quarter worth about $103,000. Allspring Global Investments Holdings LLC increased its position in JD.com by 58.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after buying an additional 1,102 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after buying an additional 2,360 shares during the period. 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.