JD.com (NASDAQ:JD) Cut to “Buy” at StockNews.com

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

Other equities analysts also recently issued research reports about the company. Citigroup cut their price target on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays lifted their price target on shares of 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 issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Finally, Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Performance

Shares of JD opened at $39.59 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 stock has a 50-day moving average of $37.56 and a 200-day moving average of $35.02. The company has a market cap of $62.44 billion, a PE ratio of 12.53, a P/E/G ratio of 0.30 and a beta of 0.40. JD.com has a one year low of $21.18 and a one year high of $47.82.

Institutional Investors Weigh In On JD.com

Hedge funds and other institutional investors have recently bought and sold shares of the business. Richardson Financial Services Inc. purchased a new stake in JD.com in the fourth quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in JD.com in the fourth quarter worth approximately $34,000. Nisa Investment Advisors LLC raised its position in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after acquiring an additional 417 shares during the period. Modus Advisors LLC bought a new position in JD.com in the fourth quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of JD.com during the 3rd quarter valued at $49,000. Hedge funds and other 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.