JD.com (NASDAQ:JD) Rating Increased to Outperform at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of JD.com (NASDAQ:JD - Free Report) from a market perform rating to an outperform rating in a report issued on Monday, MarketBeat.com reports. They currently have $46.00 price target on the information services provider's stock, up from their previous price target of $43.00.

A number of other equities analysts also recently commented on JD. Barclays raised their price objective on 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 set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. StockNews.com raised shares of JD.com from a "hold" rating to a "buy" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. upped their price target 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, Loop Capital raised JD.com from a "hold" rating to a "buy" rating and reduced their price target for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $41.36.

JD.com Trading Up 11.0 %

Shares of JD traded up $4.09 during mid-day trading on Monday, hitting $41.27. The company had a trading volume of 26,725,717 shares, compared to its average volume of 14,760,113. JD.com has a 1-year low of $20.82 and a 1-year high of $47.82. The business's 50-day simple moving average is $39.30 and its 200-day simple moving average is $31.86. The stock has a market cap of $65.09 billion, a PE ratio of 13.06, a P/E/G ratio of 0.30 and a beta of 0.38. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Atlas Capital Advisors LLC bought a new position in shares of JD.com during the 2nd quarter valued at $28,000. Wilmington Savings Fund Society FSB bought a new position in JD.com in the 3rd quarter worth approximately $49,000. Huntington National Bank lifted its holdings in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider's stock worth $74,000 after buying an additional 452 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in JD.com during the third quarter worth about $103,000. Finally, Allspring Global Investments Holdings LLC increased its stake in JD.com by 58.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider's stock valued at $120,000 after acquiring an additional 1,102 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.