JD.com's (JD) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• JD.com's stock received a "hold (c)" rating from Weiss Ratings, reiterating cautious optimism for investors.
• Bank of America reduced JD.com's target price from $44 to $37, while other firms also adjusted their estimates, indicating mixed analyst sentiment regarding the stock.
• JD.com has a market capitalization of $50.11 billion and a current consensus rating of "Moderate Buy" with a price target of approximately $42.86.

JD.com (NASDAQ:JD - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other analysts also recently weighed in on the company. Bank of America cut their target price on 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 cut their target price on JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. Citigroup began coverage on JD.com in a research note on Monday, August 11th. They issued a "buy" rating and a $42.00 price objective on the stock. Benchmark decreased their target price on JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Finally, Arete upgraded shares of JD.com from a "sell" rating to a "buy" rating and set a $41.00 price target on the stock in a research report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, JD.com has a consensus rating of "Moderate Buy" and a consensus price target of $42.86.

JD.com Stock Up 0.3%

Shares of JD.com stock opened at $34.98 on Wednesday. The business's fifty day moving average price is $32.92 and its two-hundred day moving average price is $33.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. The company has a market capitalization of $50.11 billion, a P/E ratio of 9.83, a PEG ratio of 3.94 and a beta of 0.39. JD.com has a 1-year low of $29.90 and a 1-year high of $46.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Hexagon Capital Partners LLC purchased a new position in shares of JD.com during the first quarter valued at $25,000. N.E.W. Advisory Services LLC purchased a new position in JD.com in the first quarter valued at about $32,000. Ameritas Advisory Services LLC purchased a new position in JD.com in the second quarter valued at about $37,000. Union Bancaire Privee UBP SA grew its stake in JD.com by 136.0% in the third quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider's stock valued at $41,000 after purchasing an additional 680 shares in the last quarter. Finally, Allworth Financial LP grew its stake in 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 purchasing an additional 830 shares in the last quarter. 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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