BidaskClub Upgrades JD.Com (JD) to Hold
BidaskClub upgraded shares of JD.Com (NASDAQ:JD) from a sell rating to a hold rating in a report issued on Thursday.
Other research analysts have also issued research reports about the stock. Wells Fargo & Co assumed coverage on shares of JD.Com in a research note on Tuesday, September 26th. They issued an outperform rating and a $50.00 price objective on the stock. MKM Partners upgraded shares of JD.Com from a neutral rating to a buy rating and increased their price target for the stock from $33.00 to $51.00 in a research note on Wednesday, August 23rd. They noted that the move was a valuation call. Vetr lowered shares of JD.Com from a buy rating to a hold rating and set a $44.29 price target on the stock. in a research note on Wednesday, September 13th. Nomura increased their price target on shares of JD.Com from $49.00 to $52.00 and gave the stock a buy rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research upgraded shares of JD.Com from a sell rating to a hold rating in a research note on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $46.36.
JD.Com (NASDAQ:JD) opened at $42.19 on Thursday. The firm has a market cap of $60,190.96, a P/E ratio of -383.51 and a beta of 1.37. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.12 and a quick ratio of 0.79. JD.Com has a 12 month low of $25.28 and a 12 month high of $48.99.
Several large investors have recently added to or reduced their stakes in the company. Atlantic Trust Group LLC bought a new position in shares of JD.Com during the 3rd quarter worth about $3,916,000. Steward Partners Investment Advisory LLC bought a new position in shares of JD.Com during the 3rd quarter worth about $276,000. GSA Capital Partners LLP lifted its holdings in shares of JD.Com by 80.0% during the 3rd quarter. GSA Capital Partners LLP now owns 92,385 shares of the information services provider’s stock worth $3,529,000 after acquiring an additional 41,055 shares during the period. Fieldpoint Private Securities LLC bought a new position in JD.Com during the 3rd quarter valued at about $331,000. Finally, Janney Montgomery Scott LLC bought a new position in JD.Com during the 3rd quarter valued at about $243,000. 44.04% of the stock is owned by institutional investors.
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JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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