JD.com (NASDAQ:JD) Rating Lowered to Neutral at Arete

JD.com (NASDAQ:JD - Get Free Report) was downgraded by stock analysts at Arete from a "buy" rating to a "neutral" rating in a report released on Tuesday, MarketBeat reports. They currently have a $45.00 price target on the information services provider's stock. Arete's target price suggests a potential upside of 38.12% from the stock's previous close.

Several other equities analysts have also issued reports on the stock. Macquarie reissued a "neutral" rating and issued a $35.00 price target on shares of JD.com in a report on Wednesday, April 23rd. Benchmark lowered their price target on JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Bank of America cut their price objective on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their target price on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. Finally, Morgan Stanley set a $39.00 price target on JD.com in a report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.23.

JD.com Trading Up 3.1%

JD traded up $0.99 during midday trading on Tuesday, reaching $32.58. 10,867,643 shares of the company were exchanged, compared to its average volume of 13,335,858. The stock has a market capitalization of $51.38 billion, a P/E ratio of 7.93, a PEG ratio of 1.06 and a beta of 0.48. JD.com has a one year low of $24.13 and a one year high of $47.82. The stock's 50-day simple moving average is $33.58 and its 200 day simple moving average is $37.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JD. Rhumbline Advisers lifted its position in JD.com by 1.7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock worth $561,000 after acquiring an additional 265 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of JD.com by 5.9% during the first quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock worth $223,000 after purchasing an additional 304 shares during the period. Farther Finance Advisors LLC lifted its holdings in JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after purchasing an additional 308 shares during the last quarter. Lakeshore Capital Group Inc. boosted its stake in JD.com by 2.4% in the 1st quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock valued at $556,000 after purchasing an additional 322 shares during the period. Finally, Quintet Private Bank Europe S.A. grew its holdings in JD.com by 4.5% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock valued at $271,000 after buying an additional 334 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

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.