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

JD.com (NASDAQ:JD - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Friday.

Several other equities analysts have also commented on JD. Benchmark reaffirmed a "buy" rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Citigroup decreased their target price on JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a report on Friday, November 15th. Barclays increased their price target on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Finally, Loop Capital raised shares of JD.com from a "hold" rating to a "buy" rating and reduced their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.36.

JD.com Price Performance

NASDAQ JD traded up $1.13 during trading hours on Friday, hitting $41.16. 13,477,682 shares of the company's stock traded hands, compared to its average volume of 10,456,354. 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's 50-day moving average is $37.04 and its 200-day moving average is $34.38. JD.com has a 52-week low of $21.18 and a 52-week high of $47.82. The company has a market capitalization of $64.91 billion, a PE ratio of 13.03, a PEG ratio of 0.30 and a beta of 0.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Todd Asset Management LLC boosted its stake in shares of JD.com by 0.3% during the fourth quarter. Todd Asset Management LLC now owns 651,382 shares of the information services provider's stock valued at $22,583,000 after acquiring an additional 1,929 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of JD.com during the 4th quarter worth about $66,000. North of South Capital LLP lifted its stake in shares of JD.com by 48.2% during the fourth quarter. North of South Capital LLP now owns 2,899,808 shares of the information services provider's stock valued at $100,536,000 after buying an additional 942,629 shares during the period. Alberta Investment Management Corp boosted its position in JD.com by 25.4% during the fourth quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock worth $17,492,000 after acquiring an additional 102,326 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of JD.com by 48.2% during the 4th quarter. Global Retirement Partners LLC now owns 5,898 shares of the information services provider's stock worth $204,000 after purchasing an additional 1,917 shares during the period. 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.