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

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

Several other analysts have also commented on the company. Loop Capital raised JD.com from a "hold" rating to a "buy" rating and dropped their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Sanford C. Bernstein upgraded shares of JD.com from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their target price on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Benchmark restated a "buy" rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Finally, Barclays raised their price target on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, JD.com has a consensus rating of "Moderate Buy" and an average price target of $41.36.

JD.com Stock Performance

Shares of JD stock traded down $0.16 during trading hours on Tuesday, hitting $34.98. The company's stock had a trading volume of 7,219,229 shares, compared to its average volume of 7,353,663. The stock has a market cap of $55.17 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39. JD.com has a 12-month low of $20.82 and a 12-month high of $47.82. The company has a 50 day moving average of $36.92 and a 200 day moving average of $32.86. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Polunin Capital Partners Ltd boosted its stake in shares of JD.com by 27.8% during the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider's stock worth $82,291,000 after acquiring an additional 447,264 shares in the last quarter. Seven Grand Managers LLC purchased a new stake in JD.com during the third quarter worth $16,800,000. Citigroup Inc. grew its holdings in JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock valued at $16,012,000 after purchasing an additional 36,096 shares during the last quarter. SG Americas Securities LLC increased its position in shares of JD.com by 55.8% in the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider's stock valued at $3,770,000 after buying an additional 33,771 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. raised its stake in shares of JD.com by 5.9% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock worth $143,086,000 after buying an additional 200,200 shares during the last quarter. 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.