JD.com Inc. (JD) Rating Lowered to Hold at Vetr Inc.
JD.com Inc. (NASDAQ:JD) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday. They currently have a $26.86 price objective on the stock. Vetr‘s target price indicates a potential upside of 1.32% from the company’s previous close.
Several other equities research analysts also recently issued reports on JD. Brean Capital reiterated a “buy” rating on shares of JD.com in a report on Tuesday, July 19th. Goldman Sachs Group Inc. initiated coverage on JD.com in a report on Monday, July 25th. They set a “buy” rating and a $31.00 price target for the company. MKM Partners set a $32.00 price target on JD.com and gave the stock a “buy” rating in a report on Wednesday, August 3rd. T.H. Capital downgraded JD.com from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Finally, TH Capital downgraded JD.com from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.92.
Shares of JD.com (NASDAQ:JD) opened at 26.51 on Tuesday. JD.com has a one year low of $19.51 and a one year high of $33.48. The firm’s 50-day moving average price is $26.05 and its 200 day moving average price is $24.07.
Several hedge funds have recently added to or reduced their stakes in JD. Hillhouse Capital Management Ltd. bought a new stake in JD.com during the third quarter worth about $2,991,374,000. Board of Trustees of The Leland Stanford Junior University acquired a new position in shares of JD.com during the second quarter worth $271,949,000. Generation Investment Management LLP raised its position in shares of JD.com by 914.4% in the second quarter. Generation Investment Management LLP now owns 11,204,969 shares of the company’s stock worth $237,881,000 after buying an additional 10,100,390 shares in the last quarter. Coronation Fund Managers Ltd. acquired a new position in shares of JD.com during the second quarter worth $211,808,000. Finally, Dodge & Cox raised its position in shares of JD.com by 33.8% in the second quarter. Dodge & Cox now owns 39,331,236 shares of the company’s stock worth $835,002,000 after buying an additional 9,934,800 shares in the last quarter. Institutional investors own 54.51% 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.
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