JD.com (NASDAQ:JD) Lifted to “Buy” at StockNews.com

JD.com (NASDAQ:JDGet Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other analysts also recently issued reports on the company. Barclays cut their price objective on JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. Citigroup cut their price objective on JD.com from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. HSBC boosted their price objective on JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, Mizuho upped their target price on JD.com from $32.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.64.

View Our Latest Analysis on JD.com

JD.com Stock Performance

JD stock opened at $26.50 on Friday. The company has a market capitalization of $41.79 billion, a P/E ratio of 12.44, a PEG ratio of 0.23 and a beta of 0.52. The company has a 50-day simple moving average of $23.95 and a 200 day simple moving average of $26.55. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $45.16. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14.

JD.com (NASDAQ:JDGet Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The company had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. During the same period in the prior year, the company earned $0.54 EPS. JD.com’s revenue was up 3.6% on a year-over-year basis. Sell-side analysts predict that JD.com will post 2.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JD.com

Several hedge funds have recently modified their holdings of the business. First Manhattan Co. lifted its position in JD.com by 32.5% in the fourth quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock worth $56,000 after purchasing an additional 244 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in JD.com by 3.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,068 shares of the information services provider’s stock worth $275,000 after purchasing an additional 278 shares during the period. Harvest Fund Management Co. Ltd lifted its position in JD.com by 0.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 39,941 shares of the information services provider’s stock worth $1,163,000 after purchasing an additional 371 shares during the period. Ronald Blue Trust Inc. lifted its position in JD.com by 28.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,883 shares of the information services provider’s stock worth $55,000 after purchasing an additional 416 shares during the period. Finally, SVB Wealth LLC raised its stake in JD.com by 2.0% during the first quarter. SVB Wealth LLC now owns 24,265 shares of the information services provider’s stock worth $1,404,000 after acquiring an additional 473 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

About JD.com

(Get Free Report)

JD.com, Inc provides supply chain-based technologies and services 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.

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Analyst Recommendations for JD.com (NASDAQ:JD)

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