JD.com (NASDAQ:JD) Stock Rating Upgraded by Arete Research

JD.com (NASDAQ:JD - Get Free Report) was upgraded by Arete Research to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Benchmark dropped their price target on JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Wall Street Zen cut shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup restated a "buy" rating and set a $51.00 target price (down previously from $56.00) on shares of JD.com in a research report on Monday, April 28th. Susquehanna lowered their price target on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, May 15th. Finally, Barclays lifted their price objective on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, JD.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.23.

JD.com Stock Performance

NASDAQ JD opened at $32.58 on Tuesday. The business has a 50 day moving average price of $33.49 and a 200 day moving average price of $37.06. The company has a market capitalization of $51.38 billion, a P/E ratio of 7.93, a PEG ratio of 1.07 and a beta of 0.48. JD.com has a 1-year low of $24.13 and a 1-year high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92.

Hedge Funds Weigh In On JD.com

Several large investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC increased its stake in JD.com by 63.8% during the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider's stock worth $213,075,000 after acquiring an additional 2,018,675 shares during the last quarter. Guinness Asset Management LTD increased its position in JD.com by 13.5% during the 1st quarter. Guinness Asset Management LTD now owns 3,679 shares of the information services provider's stock worth $151,000 after purchasing an additional 439 shares in the last quarter. Militia Capital Partners LP purchased a new position in JD.com in the first quarter valued at approximately $259,000. First Hawaiian Bank acquired a new position in JD.com during the first quarter valued at approximately $1,443,000. Finally, Acadian Asset Management LLC grew its stake in JD.com by 900.3% during the first quarter. Acadian Asset Management LLC now owns 350,365 shares of the information services provider's stock worth $14,406,000 after buying an additional 315,339 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

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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