JD.Com (JD) Raised to Strong-Buy at Vetr

JD.Com (NASDAQ:JD) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday, February 5th. The brokerage presently has a $52.28 price objective on the information services provider’s stock. Vetr‘s price target suggests a potential upside of 19.58% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Sanford C. Bernstein restated a “market perform” rating and set a $47.00 price objective (up previously from $40.00) on shares of JD.Com in a research report on Wednesday, January 31st. KeyCorp increased their price objective on shares of JD.Com from $51.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Zacks Investment Research downgraded shares of JD.Com from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. BidaskClub upgraded shares of JD.Com from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, Nomura increased their price objective on shares of JD.Com from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.52.

JD.Com (NASDAQ:JD) opened at $43.72 on Monday. The stock has a market cap of $61,130.77, a P/E ratio of 2,146.50 and a beta of 1.52. JD.Com has a 52 week low of $29.10 and a 52 week high of $50.68. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.30.

JD.Com (NASDAQ:JD) last issued its earnings results on Monday, November 13th. The information services provider reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.12. JD.Com had a negative net margin of 0.29% and a positive return on equity of 0.83%. research analysts forecast that JD.Com will post 0.07 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. bought a new position in JD.Com in the third quarter worth approximately $101,000. Northwestern Mutual Wealth Management Co. bought a new position in JD.Com in the fourth quarter worth approximately $135,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in JD.Com by 58.3% in the fourth quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 3,800 shares of the information services provider’s stock worth $157,000 after acquiring an additional 1,400 shares during the period. CENTRAL TRUST Co bought a new position in JD.Com in the fourth quarter worth approximately $166,000. Finally, Advisor Group Inc. raised its position in JD.Com by 253.0% in the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock worth $154,000 after acquiring an additional 2,907 shares during the period. Institutional investors and hedge funds own 44.30% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for JD.Com (NASDAQ:JD)

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