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

JD.com (NASDAQ:JD) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

JD has been the topic of a number of other reports. Citigroup reduced their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock 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 objective for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and increased their price target for the company from $43.00 to $46.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Benchmark restated a “buy” rating and set a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Down 0.7 %

Shares of NASDAQ JD opened at $34.72 on Tuesday. The business has a fifty day moving average of $36.69 and a two-hundred day moving average of $32.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The stock has a market cap of $54.76 billion, a PE ratio of 10.99, a PEG ratio of 0.30 and a beta of 0.39.

Institutional Trading of JD.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. Range Financial Group LLC acquired a new stake in JD.com in the fourth quarter valued at $824,000. Nordea Investment Management AB lifted its holdings in shares of JD.com by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 451,509 shares of the information services provider’s stock worth $15,821,000 after buying an additional 30,140 shares in the last quarter. Modus Advisors LLC bought a new stake in JD.com in the 4th quarter valued at about $41,000. B. Riley Wealth Advisors Inc. acquired a new stake in JD.com during the third quarter worth approximately $341,000. Finally, Tidal Investments LLC grew its holdings in shares of JD.com by 38.7% during the 3rd quarter. Tidal Investments LLC now owns 34,036 shares of the information services provider’s stock worth $1,361,000 after purchasing an additional 9,500 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

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.