JD.Com (JD) Upgraded at BidaskClub

BidaskClub upgraded shares of JD.Com (NASDAQ:JD) from a sell rating to a hold rating in a research note released on Thursday.

Several other equities analysts have also weighed in on JD. MKM Partners upgraded JD.Com from a neutral rating to a buy rating and lifted their price target for the company 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 JD.Com from a buy rating to a hold rating and set a $44.29 price target for the company. in a research note on Wednesday, September 13th. Wells Fargo & Co began coverage on JD.Com in a research note on Tuesday, September 26th. They set an outperform rating and a $50.00 price objective for the company. Zacks Investment Research lowered JD.Com from a hold rating to a sell rating in a research note on Wednesday, October 11th. Finally, KeyCorp set a $49.00 price objective on JD.Com and gave the stock a buy rating in a research note on Thursday, October 19th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. JD.Com presently has an average rating of Buy and an average price target of $46.36.

Shares of JD.Com (NASDAQ:JD) traded down $0.08 during trading on Thursday, hitting $42.19. The company had a trading volume of 7,162,121 shares, compared to its average volume of 15,936,677. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.30. JD.Com has a 1 year low of $25.28 and a 1 year high of $48.99. The stock has a market cap of $60,190.96, a price-to-earnings ratio of -383.51 and a beta of 1.37.

Several hedge funds have recently bought and sold shares of JD. TD Asset Management Inc. grew its position in shares of JD.Com by 5.4% in the second quarter. TD Asset Management Inc. now owns 55,052 shares of the information services provider’s stock valued at $2,159,000 after purchasing an additional 2,836 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in shares of JD.Com in the second quarter valued at approximately $1,952,000. Bank of New York Mellon Corp grew its position in shares of JD.Com by 29.2% in the second quarter. Bank of New York Mellon Corp now owns 1,445,005 shares of the information services provider’s stock valued at $56,674,000 after purchasing an additional 326,644 shares in the last quarter. KBC Group NV grew its position in shares of JD.Com by 24.6% in the second quarter. KBC Group NV now owns 116,587 shares of the information services provider’s stock valued at $4,572,000 after purchasing an additional 23,027 shares in the last quarter. Finally, BB&T Securities LLC grew its position in shares of JD.Com by 40.8% in the second quarter. BB&T Securities LLC now owns 13,078 shares of the information services provider’s stock valued at $512,000 after purchasing an additional 3,792 shares in the last quarter. Institutional investors and hedge funds own 44.04% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/12/24/jd-com-jd-upgraded-at-bidaskclub.html.

JD.Com Company Profile

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.

Analyst Recommendations for JD.Com (NASDAQ:JD)

Receive News & Ratings for JD.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.Com and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit