JD.com (NASDAQ:JD) Stock Rating Upgraded by Zacks Research

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

Other analysts also recently issued reports about the company. Arete Research set a $32.00 price target on JD.com in a research note on Tuesday, December 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $38.00 price target on shares of JD.com in a research note on Friday, November 14th. HSBC reiterated a “buy” rating and issued a $37.00 price target on shares of JD.com in a report on Monday, December 29th. Bank of America lowered their target price on shares of JD.com from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Finally, Citigroup dropped 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. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.46.

JD.com Price Performance

Shares of JD opened at $25.64 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $28.48 and its two-hundred day moving average is $30.73. JD.com has a twelve month low of $25.01 and a twelve month high of $46.44. The firm has a market capitalization of $36.73 billion, a PE ratio of 8.72, a P/E/G ratio of 5.64 and a beta of 0.41.

Institutional Investors Weigh In On JD.com

A number of large investors have recently bought and sold shares of the stock. FengHe Fund Management Pte. Ltd. raised its stake in JD.com by 106.7% in the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 215,000 shares of the information services provider’s stock valued at $7,521,000 after purchasing an additional 111,000 shares during the last quarter. Aurora Investment Managers LLC. boosted its stake in shares of JD.com by 24.6% during the 3rd quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock worth $9,427,000 after purchasing an additional 53,223 shares during the last quarter. Creative Planning grew its holdings in shares of JD.com by 121.0% during the second quarter. Creative Planning now owns 378,068 shares of the information services provider’s stock worth $12,340,000 after buying an additional 206,985 shares in the last quarter. Monaco Asset Management SAM raised its position in shares of JD.com by 214.3% in the second quarter. Monaco Asset Management SAM now owns 110,000 shares of the information services provider’s stock valued at $3,590,000 after buying an additional 75,000 shares during the last quarter. Finally, Patient Capital Management LLC lifted its stake in shares of JD.com by 6.8% during the third quarter. Patient Capital Management LLC now owns 842,937 shares of the information services provider’s stock valued at $29,486,000 after buying an additional 53,810 shares during the period. 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.