JD.com (NASDAQ:JD) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of JD.com (NASDAQ:JD) from a hold rating to a strong-buy rating in a report released on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Arete Research set a $37.00 target price on JD.com in a report on Friday, April 17th. Benchmark boosted their price target on JD.com from $38.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Sanford C. Bernstein upped their price target on JD.com from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Barclays raised their price objective on JD.com from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Susquehanna lifted their price objective on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and a consensus target price of $36.58.

JD.com Price Performance

JD opened at $28.84 on Monday. The company has a market capitalization of $36.00 billion, a P/E ratio of 22.53 and a beta of 0.40. The company has a 50-day moving average of $28.83 and a 200-day moving average of $28.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18. JD.com has a 1-year low of $24.51 and a 1-year high of $36.86.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS 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%. Equities analysts expect that JD.com will post 2.77 EPS for the current fiscal year.

Hedge Funds Weigh In On JD.com

Several institutional investors have recently made changes to their positions in JD. Binnacle Investments Inc lifted its holdings in shares of JD.com by 365.8% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after purchasing an additional 589 shares during the last quarter. Root Financial Partners LLC grew its stake in JD.com by 1,020.0% during the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after buying an additional 1,020 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position 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 buying an additional 815 shares during the period. EFG International AG acquired a new stake in JD.com in the fourth quarter worth $36,000. Finally, Inspire Investing LLC acquired a new stake in JD.com in the fourth quarter worth $38,000. 15.98% of the stock is owned by institutional investors.

JD.com News Summary

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

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.