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

Loop Capital upgraded shares of JD.com (NASDAQ:JD) from a hold rating to a buy rating in a report published on Monday, Marketbeat reports. Loop Capital currently has $48.00 target price on the information services provider’s stock, down from their previous target price of $49.00.

Several other research analysts have also weighed in on the stock. Sanford C. Bernstein dropped their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Tuesday, October 15th. Susquehanna reiterated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Barclays raised their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.67.

JD.com Stock Down 0.9 %

JD stock opened at $40.00 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The firm has a market capitalization of $63.08 billion, a P/E ratio of 18.26, a P/E/G ratio of 0.65 and a beta of 0.42. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The company’s 50 day simple moving average is $33.32 and its 200-day simple moving average is $30.13.

JD.com (NASDAQ:JD) last announced its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $8.57. The company had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 EPS. As a group, equities research analysts anticipate that JD.com will post 3.75 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Atlas Capital Advisors LLC acquired a new stake in JD.com during the second quarter worth $28,000. Allspring Global Investments Holdings LLC boosted its position in shares of JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC bought a new stake in JD.com in the first quarter valued at about $58,000. Blue Trust Inc. increased its stake in JD.com by 295.7% in the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 2,360 shares during the period. Finally, Advisors Preferred LLC bought a new position in JD.com during the first quarter worth about $126,000. Institutional investors and hedge funds 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.