JD.com, Inc. (JD) Rating Increased to Strong-Buy at Vetr Inc.
Vetr upgraded shares of JD.com, Inc. (NASDAQ:JD) from a buy rating to a strong-buy rating in a research report sent to investors on Monday. They currently have $31.46 price target on the stock.
A number of other analysts have also recently weighed in on JD. MKM Partners reissued a neutral rating and set a $27.00 target price on shares of JD.com in a report on Thursday, December 29th. Zacks Investment Research raised shares of JD.com from a sell rating to a hold rating in a report on Wednesday, December 7th. J P Morgan Chase & Co raised shares of JD.com from a neutral rating to an overweight rating and increased their target price for the stock from $32.00 to $39.00 in a report on Monday. Brean Capital reissued a buy rating on shares of JD.com in a report on Tuesday, December 13th. Finally, Stifel Nicolaus assumed coverage on shares of JD.com in a report on Thursday, October 13th. They set a buy rating and a $34.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $29.84.
Shares of JD.com (NASDAQ:JD) traded down 0.37% during trading on Monday, reaching $26.67. 1,793,555 shares of the company’s stock were exchanged. The firm’s market capitalization is $32784.50 billion. The company’s 50-day moving average price is $26.06 and its 200 day moving average price is $24.86. JD.com has a 52 week low of $19.51 and a 52 week high of $30.01.
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A number of institutional investors have recently made changes to their positions in JD. Advisor Group Inc. bought a new position in shares of JD.com during the second quarter worth about $103,000. Lazard Asset Management LLC bought a new position in shares of JD.com during the third quarter worth about $104,000. Nippon Life Insurance Co. raised its position in shares of JD.com by 38.7% in the third quarter. Nippon Life Insurance Co. now owns 4,197 shares of the company’s stock worth $109,000 after buying an additional 1,170 shares in the last quarter. Shinko Asset Management Co. Ltd. raised its position in shares of JD.com by 200.0% in the third quarter. Shinko Asset Management Co. Ltd. now owns 6,000 shares of the company’s stock worth $157,000 after buying an additional 4,000 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of JD.com during the third quarter worth about $209,000. Hedge funds and other institutional investors own 49.81% 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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