JD.com (NASDAQ:JD) Raised to Strong-Buy at Arete Research

JD.com (NASDAQ:JD) was upgraded by investment analysts at Arete Research from a “strong sell” rating to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

A number of other analysts have also recently weighed in on JD. UBS Group cut their price objective on shares of JD.com from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 10th. Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Benchmark cut their price objective on shares of JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Morgan Stanley cut their price objective on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. Finally, Citigroup assumed coverage on shares of JD.com in a report on Monday, August 11th. They set a “buy” rating and a $42.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

JD.com Stock Down 1.9%

JD stock opened at $34.50 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. JD.com has a twelve month low of $29.90 and a twelve month high of $47.82. The company’s 50 day moving average is $32.54 and its two-hundred day moving average is $34.14. The stock has a market cap of $48.18 billion, a P/E ratio of 9.69, a PEG ratio of 3.90 and a beta of 0.36.

Institutional Trading of JD.com

A number of hedge funds have recently made changes to their positions in the stock. Hexagon Capital Partners LLC bought a new position in JD.com during the first quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new position in JD.com in the 1st quarter worth about $32,000. Ameritas Advisory Services LLC purchased a new position in JD.com in the 2nd quarter worth about $37,000. Allworth Financial LP boosted its position 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 worth $44,000 after acquiring an additional 830 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in JD.com during the 1st quarter worth about $56,000. Institutional investors and hedge funds 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.