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

JD.com (NASDAQ:JD - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Tuesday.

JD has been the topic of several other research reports. Loop Capital raised shares of JD.com from a "hold" rating to a "buy" rating and dropped their target price for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Sanford C. Bernstein raised shares of JD.com from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Citigroup dropped their target price on shares of JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Barclays boosted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.36.

JD.com Stock Up 4.5 %

Shares of NASDAQ:JD traded up $1.79 during trading hours on Tuesday, hitting $41.38. The company's stock had a trading volume of 13,308,779 shares, compared to its average volume of 10,902,744. The firm's fifty day moving average price is $37.63 and its 200 day moving average price is $35.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. 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 $65.26 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 0.30 and a beta of 0.40.

Institutional Investors Weigh In On JD.com

A number of hedge funds have recently modified their holdings of the company. First Pacific Financial boosted its stake in JD.com by 11.3% during the third quarter. First Pacific Financial now owns 18,834 shares of the information services provider's stock worth $753,000 after buying an additional 1,907 shares during the period. Prospect Financial Services LLC purchased a new position in JD.com during the third quarter worth about $269,000. Seven Grand Managers LLC purchased a new position in JD.com during the third quarter worth about $16,800,000. Naviter Wealth LLC boosted its stake in JD.com by 7.1% during the third quarter. Naviter Wealth LLC now owns 34,259 shares of the information services provider's stock worth $1,370,000 after buying an additional 2,267 shares during the period. Finally, Aurora Investment Managers LLC. boosted its stake in JD.com by 2.4% during the third quarter. Aurora Investment Managers LLC. now owns 208,649 shares of the information services provider's stock worth $8,346,000 after buying an additional 4,927 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

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.