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

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

A number of other analysts have also weighed in on the stock. Morgan Stanley lowered their price objective on shares of JD.com from $28.00 to $24.00 and set an “underweight” rating for the company in a research note on Wednesday, January 14th. Bank of America lowered 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 report on Monday, January 26th. Nomura cut their price objective on shares of JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Susquehanna reissued a “neutral” rating on shares of JD.com in a research note on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JD.com in a research report on Monday, December 29th. Ten investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.46.

JD.com Trading Down 2.7%

Shares of NASDAQ JD opened at $25.64 on Monday. JD.com has a twelve month low of $25.01 and a twelve month high of $46.44. The firm has a market cap of $36.73 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The business has a fifty day simple moving average of $28.48 and a two-hundred day simple moving average 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Binnacle Investments Inc raised its stake in JD.com by 365.8% in the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after buying an additional 589 shares during the last quarter. Root Financial Partners LLC increased its holdings 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 valued at $32,000 after acquiring 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 approximately $35,000. Assetmark Inc. boosted its stake in JD.com by 62.0% in the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after purchasing an additional 399 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake 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 worth $36,000 after purchasing an additional 815 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

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.