JD.com (NASDAQ:JD) Raised to "Hold" at Zacks Research

Key Points

• JD.com was upgraded from a "strong sell" rating to a "hold" rating by Zacks Research, signaling a more cautious outlook for the stock.
• Analysts' target prices vary, with UBS lowering their estimate from $58.00 to $50.00, while Citigroup set a "buy" rating with a target at $42.00.
• Institutional investors own 15.98% of JD.com's stock, indicating growing interest as several hedge funds recently acquired new positions.

JD.com (NASDAQ:JD - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also weighed in on the stock. UBS Group lowered their price objective on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, July 10th. Citigroup assumed coverage on shares of JD.com in a report on Monday, August 11th. They issued a "buy" rating and a $42.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, May 27th. Wall Street Zen downgraded shares of JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Arete downgraded shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.31.

JD.com Stock Up 3.1%

NASDAQ:JD opened at $33.87 on Monday. JD.com has a 1-year low of $25.91 and a 1-year high of $47.82. The company has a 50-day moving average of $31.93 and a 200 day moving average of $34.78. The firm has a market cap of $47.30 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 3.68 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.

Hedge Funds Weigh In On JD.com

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC acquired a new position in JD.com in the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in JD.com in the 1st quarter worth approximately $32,000. Ameritas Advisory Services LLC acquired a new position in JD.com in the 2nd quarter worth approximately $37,000. Allworth Financial LP increased its holdings in JD.com by 158.4% in the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider's stock worth $44,000 after buying an additional 830 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in JD.com in the 1st quarter worth approximately $56,000. Institutional investors and hedge funds own 15.98% of the company's stock.

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.

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