JD.com (NASDAQ:JD) Rating Lowered to Hold at Wall Street Zen

JD.com (NASDAQ:JD - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

A number of other equities analysts have also recently issued reports on the company. Bank of America reduced their target price on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. UBS Group set a $51.00 price objective on shares of JD.com in a research note on Friday, March 7th. JPMorgan Chase & Co. decreased their price objective 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. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, Mizuho decreased their price target on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $46.33.

JD.com Stock Performance

Shares of NASDAQ JD traded down $0.59 during trading hours on Friday, hitting $32.35. 11,019,075 shares of the company's stock were exchanged, compared to its average volume of 14,043,530. The company's 50-day moving average price is $35.19 and its 200-day moving average price is $37.40. JD.com has a 1-year low of $24.13 and a 1-year high of $47.82. The stock has a market capitalization of $51.02 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.31 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

Institutional Trading of JD.com

Institutional investors and hedge funds have recently modified their holdings of the business. Appaloosa LP boosted its holdings in JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after buying an additional 3,165,885 shares during the period. Temasek Holdings Private Ltd lifted its position in shares of JD.com by 18.4% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock worth $160,366,000 after acquiring an additional 718,760 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of JD.com by 20.4% in the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock worth $13,646,000 after acquiring an additional 66,693 shares during the period. Alberta Investment Management Corp boosted its holdings in shares of JD.com by 25.4% in the fourth quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock worth $17,492,000 after acquiring an additional 102,326 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of JD.com in the fourth quarter valued at $2,363,000. 15.98% of the stock is 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.