JD.Com (NASDAQ:JD) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm currently has a $48.61 price objective on the information services provider’s stock. Vetr‘s price objective points to a potential upside of 5.63% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on the company. Morgan Stanley lowered JD.Com from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $50.00 to $52.00 in a report on Tuesday, November 14th. UBS Group raised JD.Com from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. Stifel Nicolaus started coverage on JD.Com in a report on Wednesday, December 13th. They set a “buy” rating and a $48.00 target price on the stock. BidaskClub lowered JD.Com from a “sell” rating to a “strong sell” rating in a report on Thursday, October 26th. Finally, Nomura boosted their target price on JD.Com from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $46.59.
JD.Com (JD) traded up $0.12 during trading hours on Friday, hitting $46.02. The stock had a trading volume of 6,650,566 shares, compared to its average volume of 13,330,000. The company has a market cap of $65,530.00, a PE ratio of -657.43 and a beta of 1.38. 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 fifty-two week low of $27.46 and a fifty-two week high of $48.99.
Hedge funds have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D lifted its position in shares of JD.Com by 11.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 678,507 shares of the information services provider’s stock worth $25,919,000 after buying an additional 70,102 shares during the last quarter. Rovida Advisors Inc. bought a new position in JD.Com in the third quarter valued at about $43,403,000. Janus Henderson Group PLC bought a new position in JD.Com in the second quarter valued at about $1,371,000. Russell Investments Group Ltd. raised its position in JD.Com by 38.4% in the third quarter. Russell Investments Group Ltd. now owns 2,297,335 shares of the information services provider’s stock valued at $87,748,000 after purchasing an additional 637,176 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in JD.Com by 3.3% in the third quarter. Xact Kapitalforvaltning AB now owns 120,715 shares of the information services provider’s stock valued at $4,611,000 after purchasing an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 44.04% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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