JD.com (NASDAQ:JD) Cut to Buy at StockNews.com

JD.com (NASDAQ:JD) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

JD has been the subject of a number of other reports. Citigroup decreased their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and reduced their price target for the company from $49.00 to $48.00 in a report on Monday, October 21st. Barclays raised their target price 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. JPMorgan Chase & Co. lifted their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Trading Down 3.7 %

NASDAQ:JD opened at $39.31 on Tuesday. The stock’s 50 day moving average price is $37.49 and its 200 day moving average price is $34.99. The company has a market capitalization of $62.00 billion, a PE ratio of 12.44, a P/E/G ratio of 0.30 and a beta of 0.40. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com has a 52-week low of $21.18 and a 52-week high of $47.82.

Institutional Trading of JD.com

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares during the period. Appaloosa LP lifted its holdings in JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after buying an additional 3,165,885 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after buying an additional 4,839,700 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in JD.com by 9.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock worth $162,904,000 after buying an additional 336,740 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after buying an additional 2,175,568 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.