JD.com (NASDAQ:JD) Upgraded by Dbs Bank to "Strong-Buy" Rating

Dbs Bank upgraded shares of JD.com (NASDAQ:JD - Free Report) to a strong-buy rating in a research report report published on Wednesday, February 12th,Zacks.com reports.

A number of other brokerages also recently weighed in on JD. Barclays raised their target price on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Benchmark reissued a "buy" rating and set a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price objective on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Finally, Sanford C. Bernstein raised JD.com from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $43.00 to $46.00 in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, JD.com presently has an average rating of "Moderate Buy" and a consensus target price of $41.36.

JD.com Price Performance

Shares of JD stock traded up $0.28 during trading hours on Wednesday, reaching $39.19. The company's stock had a trading volume of 10,170,533 shares, compared to its average volume of 11,126,300. The firm's 50 day simple moving average is $37.70 and its 200-day simple moving average is $35.49. The company has a market capitalization of $61.81 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.31 and a beta of 0.40. JD.com has a fifty-two week low of $21.18 and a fifty-two week high of $47.82. 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

Several hedge funds have recently made changes to their positions in JD. Aaron Wealth Advisors LLC bought a new position in shares of JD.com in the 3rd quarter worth about $208,000. Blue Trust Inc. increased its holdings in JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider's stock worth $126,000 after purchasing an additional 2,360 shares in the last quarter. OLD National Bancorp IN bought a new stake in JD.com during the 3rd quarter worth approximately $212,000. Lee Johnson Capital Management LLC purchased a new position in shares of JD.com in the 3rd quarter worth approximately $1,220,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of JD.com by 58.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider's stock worth $120,000 after buying an additional 1,102 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

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.