JD.com (NASDAQ:JD) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of JD.com (NASDAQ:JD) from a strong-buy rating to a buy rating in a research note published on Tuesday.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Barclays lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Citigroup decreased their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Benchmark restated a “buy” rating and set a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Trading Down 3.2 %

Shares of JD.com stock opened at $40.80 on Tuesday. JD.com has a 12-month low of $21.18 and a 12-month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a market cap of $64.35 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.30 and a beta of 0.40. The company has a 50-day moving average of $37.42 and a two-hundred day moving average of $34.89.

Institutional Investors Weigh In On JD.com

Large investors have recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in JD.com during the fourth quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in shares of JD.com during the 4th quarter valued at $34,000. Nisa Investment Advisors LLC raised its holdings in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares in the last quarter. Modus Advisors LLC bought a new position in shares of JD.com during the 4th quarter valued at $41,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 684 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.