JD.com (NASDAQ:JD) Stock Rating Upgraded by Sanford C. Bernstein

JD.com (NASDAQ:JD) was upgraded by equities researchers at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued on Monday, MarketBeat.com reports. The firm currently has a $46.00 target price on the information services provider’s stock, up from their previous target price of $43.00. Sanford C. Bernstein’s price target indicates a potential upside of 16.26% from the company’s current price.

JD has been the subject of several other reports. JPMorgan Chase & Co. increased 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. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and cut their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Benchmark reiterated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, StockNews.com upgraded JD.com from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Price Performance

Shares of NASDAQ JD opened at $39.57 on Monday. 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 stock has a fifty day moving average price of $39.33 and a 200 day moving average price of $31.93. JD.com has a 1-year low of $20.82 and a 1-year high of $47.82. The company has a market cap of $62.40 billion, a PE ratio of 12.52, a P/E/G ratio of 0.30 and a beta of 0.38.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Atlas Capital Advisors LLC purchased a new stake in JD.com during the 2nd quarter worth about $28,000. Wilmington Savings Fund Society FSB purchased a new stake in JD.com during the 3rd quarter worth about $49,000. Huntington National Bank increased 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 in the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in JD.com during the 3rd quarter worth about $103,000. Finally, Allspring Global Investments Holdings LLC increased 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 purchasing an additional 1,102 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

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.