JD.com (NASDAQ:JD) Raised to “Strong-Buy” at Zacks Research

JD.com (NASDAQ:JD) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts also recently commented on the stock. Barclays upped their price target on shares of JD.com from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Wall Street Zen upgraded JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Arete Research set a $37.00 target price on JD.com in a research note on Friday, April 17th. Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Benchmark increased their price target on JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.58.

JD.com Stock Down 0.1%

NASDAQ JD opened at $28.84 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22. JD.com has a 52 week low of $24.51 and a 52 week high of $36.86. The firm has a market capitalization of $36.00 billion, a price-to-earnings ratio of 22.53 and a beta of 0.40. The company has a fifty day moving average of $28.83 and a two-hundred day moving average of $28.74.

JD.com (NASDAQ:JD) last announced its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. The business had revenue of $45.79 billion for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. On average, analysts predict that JD.com will post 2.77 earnings per share for the current year.

Hedge Funds Weigh In On JD.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Binnacle Investments Inc grew its stake in JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 589 shares during the last quarter. Root Financial Partners LLC boosted its position in JD.com by 1,020.0% in the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after buying an additional 1,020 shares during the last quarter. Wexford Capital LP purchased a new stake in shares of JD.com in the 3rd quarter valued at $43,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of JD.com by 191.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after purchasing an additional 815 shares during the last quarter. Finally, EFG International AG purchased a new stake in JD.com in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com News Roundup

Here are the key news stories impacting JD.com this week:

• Positive Sentiment: JD.com was added to Zacks’ Rank #1 (Strong Buy) list, signaling strong near-term momentum in analyst revisions and rating trends. New Strong Buy Stocks for July 14th
• Positive Sentiment: JD.com also appeared on Zacks’ “best income stocks to buy” list, which may appeal to investors looking for a combination of value and income characteristics. Best Income Stocks to Buy for July 14th
• Positive Sentiment: Wall Street analysts’ average price target implies about 40% upside for JD.com, reinforcing a bullish case for the stock despite the usual caveats around consensus targets. Wall Street Analysts Believe JD.com (JD) Could Rally 40.06%: Here’s is How to Trade
• Neutral Sentiment: Additional commentary questioned how much investors should rely on brokerage recommendations, but still noted JD.com’s average analyst rating remains equivalent to a Buy. Is It Worth Investing in JD.com (JD) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Brokerage consensus was also described as “Moderate Buy,” which supports a constructive outlook but does not represent a major new catalyst on its own. JD.com, Inc. Receives Consensus Recommendation of “Moderate Buy” from Brokerages
• Neutral Sentiment: One article repeated the bullish price-target theme, highlighting expected upside and improved earnings revisions rather than any company-specific operational news. Wall Street Analysts Believe JD.com (JD) Could Rally 40.06%: Here’s is How to Trade

About JD.com

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.