JD.com (NASDAQ:JD) Raised to “Buy” at Arete

JD.com (NASDAQ:JD) was upgraded by equities research analysts at Arete from a “sell” rating to a “buy” rating in a note issued to investors on Friday, Marketbeat reports. The firm presently has a $41.00 target price on the information services provider’s stock. Arete’s price target suggests a potential upside of 18.84% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Citigroup began coverage on shares of JD.com in a report on Monday, August 11th. They issued a “buy” rating and a $42.00 target price for the company. Bank of America dropped their price target on JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, July 14th. Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Arete Research downgraded JD.com from a “hold” rating to a “strong sell” rating in a research note on Friday, August 1st. Finally, Benchmark dropped their target price on JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

JD.com Stock Performance

Shares of JD.com stock opened at $34.50 on Friday. The firm’s fifty day simple moving average is $32.54 and its 200-day simple moving average is $34.14. JD.com has a 12 month low of $29.90 and a 12 month high of $47.82. The stock has a market capitalization of $48.18 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 3.90 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hexagon Capital Partners LLC purchased a new stake in shares of JD.com during the 1st quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of JD.com in the first quarter valued at about $32,000. Ameritas Advisory Services LLC purchased a new stake in JD.com during the second quarter worth about $37,000. Allworth Financial LP grew its position in JD.com by 158.4% during the second quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock worth $44,000 after buying an additional 830 shares during the period. Finally, Wayfinding Financial LLC purchased a new position in JD.com in the first quarter valued at about $56,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

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.