JD.com (NASDAQ:JD) Upgraded at StockNews.com

StockNews.com upgraded shares of JD.com (NASDAQ:JD) from a hold rating to a buy rating in a report issued on Friday morning.

Other equities research analysts have also recently issued research reports about the company. Barclays raised their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and reduced their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Sanford C. Bernstein dropped their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Finally, Benchmark restated a “buy” rating and issued a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.36.

JD.com Trading Down 2.0 %

NASDAQ JD opened at $34.68 on Friday. The business has a 50 day simple moving average of $38.24 and a 200 day simple moving average of $31.65. JD.com has a one year low of $20.82 and a one year high of $47.82. The stock has a market capitalization of $54.69 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.29 and a beta of 0.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

Hedge Funds Weigh In On JD.com

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC grew its position in JD.com by 86.5% during the third quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider’s stock worth $2,766,000 after buying an additional 32,079 shares in the last quarter. Toronto Dominion Bank grew its position in JD.com by 62.7% during the third quarter. Toronto Dominion Bank now owns 10,000 shares of the information services provider’s stock worth $400,000 after buying an additional 3,854 shares in the last quarter. TT International Asset Management LTD purchased a new position in JD.com during the third quarter worth about $15,701,000. Synergy Financial Group LTD bought a new stake in JD.com during the third quarter worth about $299,000. Finally, Geller Advisors LLC bought a new stake in JD.com during the third quarter worth about $560,000. 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.