JD.com (NASDAQ:JD) Upgraded at Wall Street Zen

JD.com (NASDAQ:JD) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other equities research analysts also recently weighed in on JD. Weiss Ratings reissued a “hold (c-)” rating on shares of JD.com in a report on Monday, December 29th. Morgan Stanley cut their price objective on JD.com from $28.00 to $24.00 and set an “underweight” rating for the company in a research report on Wednesday, January 14th. Benchmark dropped their price target on JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Zacks Research downgraded JD.com from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Finally, Citigroup reduced their target price on JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a report on Friday, January 2nd. Eleven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.71.

JD.com Trading Up 0.5%

JD.com stock opened at $27.41 on Friday. The firm has a 50 day simple moving average of $28.77 and a 200-day simple moving average of $30.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. The stock has a market capitalization of $39.27 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 5.84 and a beta of 0.41. JD.com has a 12-month low of $26.72 and a 12-month high of $46.44.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Binnacle Investments Inc boosted its stake in 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 period. Root Financial Partners LLC boosted its holdings in shares of JD.com by 1,020.0% in the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after buying an additional 1,020 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of JD.com in the third quarter valued at $35,000. Assetmark Inc. increased its holdings in JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after buying an additional 399 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of JD.com by 191.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after purchasing an additional 815 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

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.