JD.com’s (JD) Buy Rating Reaffirmed at Benchmark

Benchmark reiterated their buy rating on shares of JD.com (NASDAQ:JD) in a report published on Friday morning,Benzinga reports. The brokerage currently has a $47.00 target price on the information services provider’s stock.

A number of other equities research analysts also recently issued reports on the company. Sanford C. Bernstein cut their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Susquehanna reaffirmed a “neutral” rating and set a $28.00 target price on shares of JD.com in a report on Monday, August 19th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 13th. Barclays upped their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $40.36.

JD.com Stock Performance

Shares of JD opened at $35.33 on Friday. The firm has a market capitalization of $55.72 billion, a P/E ratio of 11.18, a PEG ratio of 0.39 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. JD.com has a one year low of $20.82 and a one year high of $47.82. The business has a fifty day moving average of $37.54 and a 200 day moving average of $31.57.

Hedge Funds Weigh In On JD.com

Several institutional investors have recently bought and sold shares of JD. Canada Pension Plan Investment Board lifted its position in JD.com by 9.8% during the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock valued at $39,887,000 after purchasing an additional 129,763 shares during the last quarter. Polunin Capital Partners Ltd grew its position in JD.com by 27.8% in the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after acquiring an additional 447,264 shares in the last quarter. Seven Grand Managers LLC purchased a new position in JD.com in the third quarter worth about $16,800,000. SG Americas Securities LLC raised its position in JD.com by 55.8% during the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after purchasing an additional 33,771 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in JD.com by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after buying an additional 63,800 shares during the period. 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.