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

StockNews.com cut shares of JD.com (NASDAQ:JD) from a strong-buy rating to a buy rating in a report released on Tuesday morning.

Several other analysts have also recently commented on the company. 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 report on Friday, November 15th. Barclays raised their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and dropped their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. Benchmark restated a “buy” rating and set a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Down 0.5 %

JD stock opened at $34.98 on Tuesday. 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 firm has a market capitalization of $55.17 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.30 and a beta of 0.39. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The company’s 50 day simple moving average is $36.79 and its 200-day simple moving average is $32.91.

Hedge Funds Weigh In On JD.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JD. Modus Advisors LLC bought a new stake in shares of JD.com during the 4th quarter worth $41,000. Wilmington Savings Fund Society FSB bought a new position in shares of JD.com in the third quarter worth about $49,000. Huntington National Bank increased its stake in shares of JD.com by 32.1% in the third 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 period. Transamerica Financial Advisors Inc. bought a new stake in JD.com during the 3rd quarter valued at approximately $103,000. Finally, Allspring Global Investments Holdings LLC boosted its stake 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 valued at $120,000 after purchasing an additional 1,102 shares during the period. 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.