JD.com (NASDAQ:JD) Upgraded at Zacks Research

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

JD has been the topic of several other reports. Morgan Stanley dropped their price objective on JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Citigroup started coverage on JD.com in a research report on Monday, August 11th. They set a “buy” rating and a $42.00 price objective on the stock. Susquehanna reduced their price target on shares of JD.com from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, May 15th. JPMorgan Chase & Co. reduced their price target on shares of JD.com from $48.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, May 27th. Finally, UBS Group reduced their price target on shares of JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued 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 target price of $43.31.

JD.com Trading Down 1.6%

JD.com stock opened at $33.32 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. JD.com has a one year low of $26.00 and a one year high of $47.82. The stock has a market capitalization of $46.54 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 3.80 and a beta of 0.36. The business’s fifty day moving average is $31.95 and its 200 day moving average is $34.77.

Institutional Trading of JD.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in JD. Hexagon Capital Partners LLC bought a new stake in JD.com during the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in JD.com during the 1st quarter valued at approximately $32,000. Ameritas Advisory Services LLC bought a new stake in JD.com during the 2nd quarter valued at approximately $37,000. Allworth Financial LP raised its stake in JD.com by 158.4% during the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 830 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in JD.com during the 1st quarter valued at approximately $56,000. Institutional investors own 15.98% of the company’s stock.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.