JD.com (NASDAQ:JD) Upgraded at Zacks Research

JD.com (NASDAQ:JD) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. Citigroup lowered their target price on shares of JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a report on Friday, January 2nd. HSBC restated a “buy” rating and issued a $37.00 price objective on shares of JD.com in a research note on Monday, December 29th. Morgan Stanley cut their target price on JD.com from $28.00 to $24.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 14th. Arete Research set a $32.00 target price on JD.com in a report on Tuesday, December 9th. Finally, Susquehanna reissued a “neutral” rating on shares of JD.com in a research report on Monday, November 24th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.46.

JD.com Price Performance

JD stock opened at $25.64 on Monday. The business has a 50 day moving average price of $28.48 and a 200 day moving average price of $30.73. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20. The stock has a market cap of $36.73 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 5.64 and a beta of 0.41. JD.com has a fifty-two week low of $25.01 and a fifty-two week high of $46.44.

Hedge Funds Weigh In On JD.com

Several institutional investors have recently added to or reduced their stakes in the stock. Binnacle Investments Inc lifted its position in JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after acquiring an additional 589 shares during the period. Root Financial Partners LLC raised its stake in shares of JD.com by 1,020.0% during the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after purchasing an additional 1,020 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of JD.com during the third quarter worth approximately $35,000. Assetmark Inc. lifted its holdings in shares of JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after purchasing an additional 399 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in JD.com by 191.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after buying an additional 815 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.