JD.com’s (JD) “Buy” Rating Reiterated at Brean Capital

JD.com’s (JD) “Buy” Rating Reiterated at Brean Capital

Brean Capital reaffirmed their buy rating on shares of JD.com, Inc. (NASDAQ:JD) in a research note issued to investors on Tuesday morning.

Several other equities research analysts have also recently issued reports on JD. Sanford C. Bernstein assumed coverage on shares of JD.com in a research report on Wednesday, January 11th. They set an underperform rating and a $21.00 price objective on the stock. MKM Partners reiterated a neutral rating and set a $27.00 price objective on shares of JD.com in a research report on Thursday, December 29th. Vetr cut shares of JD.com from a strong-buy rating to a buy rating and set a $29.37 price objective on the stock. in a research report on Wednesday, January 11th. Zacks Investment Research upgraded shares of JD.com from a sell rating to a hold rating in a research report on Tuesday, December 13th. Finally, Jefferies Group LLC reiterated a buy rating and set a $32.50 price objective on shares of JD.com in a research report on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $29.84.

JD.com (NASDAQ:JD) traded up 0.07% during midday trading on Tuesday, hitting $28.34. 29,532 shares of the stock traded hands. JD.com has a 52-week low of $19.51 and a 52-week high of $30.01. The company’s market cap is $40.26 billion. The firm’s 50-day moving average is $26.52 and its 200-day moving average is $25.46.

Several hedge funds have recently modified their holdings of JD. LMR Partners LLP bought a new stake in shares of JD.com during the third quarter worth about $475,000. Strs Ohio raised its stake in JD.com by 42.9% in the third quarter. Strs Ohio now owns 80,300 shares of the company’s stock worth $2,095,000 after buying an additional 24,100 shares during the period. Nordea Investment Management AB raised its stake in JD.com by 26.2% in the third quarter. Nordea Investment Management AB now owns 4,187,032 shares of the company’s stock worth $109,240,000 after buying an additional 869,198 shares during the period. Scopia Capital Management LP acquired a new stake in JD.com during the third quarter worth $226,804,000. Finally, Macquarie Group Ltd. raised its stake in JD.com by 6.9% in the second quarter. Macquarie Group Ltd. now owns 718,600 shares of the company’s stock worth $15,257,000 after buying an additional 46,100 shares during the period. 50.07% of the stock is owned by hedge funds and other 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.

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