JD.Com (JD) Raised to “Buy” at Vetr
Vetr upgraded shares of JD.Com (NASDAQ:JD) from a hold rating to a buy rating in a research report released on Friday morning. The firm currently has $48.61 target price on the information services provider’s stock.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of JD.Com from a hold rating to a sell rating in a report on Tuesday. BidaskClub upgraded shares of JD.Com from a sell rating to a hold rating in a report on Thursday, December 21st. Stifel Nicolaus assumed coverage on shares of JD.Com in a report on Wednesday, December 13th. They set a buy rating and a $48.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on shares of JD.Com from $52.00 to $50.00 and set an overweight rating on the stock in a report on Wednesday, November 15th. Finally, Nomura increased their target price on shares of 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 issued a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $46.59.
Shares of JD.Com (NASDAQ JD) traded up $0.12 during mid-day trading on Friday, hitting $46.02. 6,650,000 shares of the stock traded hands, compared to its average volume of 13,640,000. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12. JD.Com has a 52-week low of $27.46 and a 52-week high of $48.99. The firm has a market cap of $65,700.00, a price-to-earnings ratio of -657.43 and a beta of 1.38.
Large investors have recently made changes to their positions in the business. Bessemer Group Inc. purchased a new stake in shares of JD.Com in the 3rd quarter valued at approximately $101,000. Advisor Group Inc. increased its position in shares of JD.Com by 253.0% in the 3rd quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock valued at $154,000 after purchasing an additional 2,907 shares during the last quarter. Bank Pictet & Cie Asia Ltd. purchased a new stake in shares of JD.Com in the 3rd quarter valued at approximately $206,000. Suntrust Banks Inc. purchased a new position in shares of JD.Com in the 2nd quarter valued at $207,000. Finally, Round Table Services LLC purchased a new position in shares of JD.Com in the 4th quarter valued at $207,000. 44.04% of the stock is currently owned by institutional investors.
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.
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