JD.com (NASDAQ:JD) Rating Increased to Buy at StockNews.com

JD.com (NASDAQ:JDGet Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

A number of other research firms have also commented on JD. Barclays boosted their price target on shares of JD.com from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Bank of America boosted their price target on shares of JD.com from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Nomura reduced their price target on shares of JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. Citigroup reduced their price target on shares of JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Finally, Loop Capital boosted their price target on shares of JD.com from $26.00 to $35.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.47.

Check Out Our Latest Stock Report on JD.com

JD.com Trading Down 1.8 %

NASDAQ:JD opened at $32.68 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $51.54 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 0.65 and a beta of 0.51. The firm’s 50 day moving average is $28.95 and its 200 day moving average is $26.63. JD.com has a 12 month low of $20.82 and a 12 month high of $41.95.

JD.com (NASDAQ:JDGet Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $4.74. The company had revenue of $306.08 billion for the quarter, compared to analysts’ expectations of $300.21 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. JD.com’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. Sell-side analysts expect that JD.com will post 2.85 earnings per share for the current year.

Institutional Investors Weigh In On JD.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wahed Invest LLC grew its holdings in shares of JD.com by 34.0% during the first quarter. Wahed Invest LLC now owns 44,096 shares of the information services provider’s stock valued at $1,208,000 after buying an additional 11,178 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of JD.com during the first quarter valued at approximately $849,000. Lazard Asset Management LLC grew its holdings in shares of JD.com by 30.7% during the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after buying an additional 1,368,356 shares during the last quarter. Quadrature Capital Ltd grew its holdings in shares of JD.com by 93.4% during the first quarter. Quadrature Capital Ltd now owns 446,974 shares of the information services provider’s stock valued at $12,234,000 after buying an additional 215,815 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of JD.com by 9.8% during the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock valued at $39,887,000 after buying an additional 129,763 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

About JD.com

(Get Free Report)

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.

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Analyst Recommendations for JD.com (NASDAQ:JD)

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