StockNews.com Upgrades JD.com (NASDAQ:JD) to "Strong-Buy"

StockNews.com upgraded shares of JD.com (NASDAQ:JD - Free Report) from a buy rating to a strong-buy rating in a report released on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Sanford C. Bernstein upgraded shares of JD.com from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. 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. Barclays boosted their target price on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Loop Capital upgraded JD.com from a "hold" rating to a "buy" rating and lowered their price target for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Citigroup decreased their target price on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, 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 $0.63 during trading hours on Wednesday, reaching $35.37. The company had a trading volume of 6,486,230 shares, compared to its average volume of 7,908,310. JD.com has a 12-month low of $20.82 and a 12-month high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The company has a market capitalization of $55.78 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.30 and a beta of 0.39. The stock has a fifty day moving average of $36.19 and a 200-day moving average of $33.16.

Institutional Trading of JD.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new position in JD.com in the fourth quarter valued at $34,000. Modus Advisors LLC purchased a new position in JD.com during the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB acquired a new position in JD.com during the third quarter worth approximately $49,000. Trium Capital LLP purchased a new stake in JD.com in the fourth quarter valued at approximately $62,000. Finally, Huntington National Bank boosted its holdings in shares of JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider's stock valued at $74,000 after acquiring an additional 452 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.