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 research note released on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the company. Citigroup cut their price objective on JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, January 2nd. HSBC reaffirmed a “buy” rating and issued a $37.00 price target on shares of JD.com in a research note on Monday, December 29th. Benchmark reduced their price objective on JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Bank of America decreased their price objective on JD.com from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Finally, Nomura dropped their target price on shares of JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a report on Monday, November 17th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.46.

JD.com Stock Performance

JD opened at $25.40 on Monday. The firm’s fifty day simple moving average is $28.41 and its two-hundred day simple moving average is $30.69. JD.com has a 52-week low of $25.01 and a 52-week high of $46.44. The company has a market cap of $36.39 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 5.80 and a beta of 0.41. 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 Trading of JD.com

A number of hedge funds have recently bought and sold shares of JD. FengHe Fund Management Pte. Ltd. increased its holdings in JD.com by 106.7% in the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 215,000 shares of the information services provider’s stock valued at $7,521,000 after purchasing an additional 111,000 shares in the last quarter. Aurora Investment Managers LLC. boosted its position in shares of JD.com by 24.6% in the third quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock worth $9,427,000 after buying an additional 53,223 shares during the period. Creative Planning grew its stake in shares of JD.com by 121.0% in the second quarter. Creative Planning now owns 378,068 shares of the information services provider’s stock valued at $12,340,000 after buying an additional 206,985 shares in the last quarter. Monaco Asset Management SAM raised its holdings in shares of JD.com by 214.3% during the 2nd quarter. Monaco Asset Management SAM now owns 110,000 shares of the information services provider’s stock valued at $3,590,000 after buying an additional 75,000 shares during the period. Finally, Patient Capital Management LLC lifted its position in JD.com by 6.8% during the 3rd quarter. Patient Capital Management LLC now owns 842,937 shares of the information services provider’s stock worth $29,486,000 after acquiring an additional 53,810 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.