JD.com (NASDAQ:JD) Raised to "Strong-Buy" at Arete Research

Key Points

• JD.com has been upgraded from a "strong sell" to a "strong-buy" rating by Arete Research, reflecting a positive shift in market sentiment.
• The company currently has a consensus rating of "Moderate Buy" with an average target price of $42.86, signaling potential growth ahead.
• Institutional investors have significantly increased their holdings in JD.com, with Hhlr Advisors raising their stake by 184.7% during the first quarter.

JD.com (NASDAQ:JD - Get Free Report) was upgraded by Arete Research from a "strong sell" rating to a "strong-buy" rating in a report released on Friday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Zacks Research raised shares of JD.com from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Bank of America lowered their target price on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. UBS Group lowered their target price on shares of JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. Finally, Morgan Stanley lowered their target price on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.86.

JD.com Price Performance

Shares of NASDAQ JD opened at $34.50 on Friday. The firm has a market cap of $48.18 billion, a PE ratio of 9.69, a PEG ratio of 3.97 and a beta of 0.36. The firm has a fifty day moving average of $32.54 and a 200 day moving average of $34.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. JD.com has a one year low of $29.90 and a one year high of $47.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JD. Hhlr Advisors LTD. raised its holdings in JD.com by 184.7% in the 1st quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider's stock valued at $197,857,000 after buying an additional 3,121,700 shares during the period. Voya Investment Management LLC raised its holdings in JD.com by 63.8% in the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider's stock valued at $213,075,000 after buying an additional 2,018,675 shares during the period. Marshall Wace LLP raised its holdings in JD.com by 48.9% in the 2nd quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider's stock valued at $174,166,000 after buying an additional 1,753,236 shares during the period. Federated Hermes Inc. raised its holdings in JD.com by 61.9% in the 1st quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider's stock valued at $179,862,000 after buying an additional 1,671,839 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its holdings in JD.com by 112.8% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 2,942,624 shares of the information services provider's stock valued at $121,010,000 after buying an additional 1,559,749 shares during the period. 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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