Arete Upgrades JD.com (NASDAQ:JD) to "Buy"

Key Points

• Arete upgraded JD.com from a "sell" rating to a "buy" rating, setting a price target of $41.00 which indicates a potential upside of 16.58%.
• The consensus rating for JD.com is currently a "Moderate Buy", with an average price target of $43.00 based on the evaluations of multiple analysts.
• Shares of JD.com recently opened at $35.17, with a market capitalization of $49.12 billion and showing fluctuations between a 12-month low of $29.90 and a high of $47.82.

JD.com (NASDAQ:JD - Get Free Report) was upgraded by equities research analysts at Arete from a "sell" rating to a "buy" rating in a report issued on Friday, MarketBeat Ratings reports. The firm presently has a $41.00 price target on the information services provider's stock. Arete's target price indicates a potential upside of 16.58% from the company's current price.

A number of other equities analysts have also recently commented on the company. Wall Street Zen cut JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Benchmark reduced their price objective on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Bank of America reduced their price objective 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. Morgan Stanley reduced 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. Finally, UBS Group reduced their price objective on JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, JD.com currently has an average rating of "Moderate Buy" and a consensus price target of $43.00.

JD.com Price Performance

Shares of JD.com stock opened at $35.17 on Friday. The business has a 50 day simple moving average of $32.53 and a two-hundred day simple moving average of $34.23. 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 $49.12 billion, a P/E ratio of 9.88, a PEG ratio of 3.91 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

Several hedge funds have recently bought and sold shares of the stock. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com in the first quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of JD.com in the first quarter valued at $32,000. Ameritas Advisory Services LLC acquired a new stake in shares of JD.com in the second quarter valued at $37,000. Allworth Financial LP grew its stake in shares of JD.com by 158.4% in the second quarter. Allworth Financial LP now owns 1,354 shares of the information services provider's stock valued at $44,000 after buying an additional 830 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of JD.com in the first quarter valued at $56,000. Hedge funds and other 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.

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