MKM Partners upgraded shares of JD.com, Inc. (NASDAQ:JD) from a neutral rating to a buy rating in a research report released on Wednesday, Marketbeat reports. They currently have $51.00 target price on the information services provider’s stock, up from their previous target price of $33.00. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued research reports about the company. Instinet reiterated a buy rating and issued a $37.00 target price on shares of JD.com in a research report on Wednesday, May 10th. Jefferies Group LLC reiterated a buy rating and issued a $40.00 target price on shares of JD.com in a research report on Wednesday, May 10th. Nomura reiterated a buy rating and issued a $46.00 target price on shares of JD.com in a research report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) upped their target price on JD.com from $38.00 to $47.00 and gave the company a buy rating in a research report on Tuesday, May 9th. Finally, Benchmark Co. reiterated a buy rating and issued a $48.00 target price (up previously from $40.00) on shares of JD.com in a research report on Tuesday, May 9th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $43.18.

JD.com (NASDAQ:JD) traded down 2.85% on Wednesday, reaching $40.87. 15,744,883 shares of the company traded hands. JD.com has a 52-week low of $23.38 and a 52-week high of $48.99. The stock has a 50-day moving average of $43.56 and a 200 day moving average of $37.35.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The firm had revenue of $93.20 billion for the quarter, compared to the consensus estimate of $89.35 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 43.6% compared to the same quarter last year. On average, analysts forecast that JD.com will post $0.46 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. increased its stake in shares of JD.com by 0.4% in the first quarter. American International Group Inc. now owns 51,405 shares of the information services provider’s stock worth $1,599,000 after buying an additional 185 shares during the period. Norinchukin Bank The increased its stake in shares of JD.com by 1.1% in the first quarter. Norinchukin Bank The now owns 20,976 shares of the information services provider’s stock worth $653,000 after buying an additional 229 shares during the period. Jennison Associates LLC increased its stake in shares of JD.com by 0.8% in the second quarter. Jennison Associates LLC now owns 36,469 shares of the information services provider’s stock worth $1,430,000 after buying an additional 277 shares during the period. Allen Investment Management LLC increased its stake in shares of JD.com by 1.3% in the first quarter. Allen Investment Management LLC now owns 30,605 shares of the information services provider’s stock worth $952,000 after buying an additional 404 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of JD.com by 7.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock worth $202,000 after buying an additional 464 shares during the period. 48.97% 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.

Analyst Recommendations for JD.com (NASDAQ:JD)

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