JD.com (NASDAQ:JD) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of JD.com (NASDAQ:JD) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

JD has been the topic of a number of other research reports. Benchmark lowered their price objective on JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Citigroup reduced their target price on shares of JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, January 2nd. Bank of America dropped their price target on shares of JD.com from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Sanford C. Bernstein restated an “outperform” rating and set a $38.00 price target on shares of JD.com in a report on Friday, November 14th. Finally, HSBC reiterated a “buy” rating and issued a $37.00 price objective on shares of JD.com in a report on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.46.

JD.com Stock Performance

JD opened at $25.64 on Monday. The firm has a market capitalization of $36.73 billion, a PE ratio of 8.72, a PEG ratio of 5.64 and a beta of 0.41. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. JD.com has a twelve month low of $25.01 and a twelve month high of $46.44. The firm’s 50-day moving average price is $28.48 and its 200 day moving average price is $30.73.

Institutional Investors Weigh In On JD.com

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

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.