JD.com (NASDAQ:JD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of JD.com (NASDAQ:JD) from a sell rating to a hold rating in a research report sent to investors on Saturday.

JD has been the subject of several other research reports. HSBC restated a “buy” rating and set a $37.00 price objective on shares of JD.com in a research report on Monday, December 29th. Bank of America cut their price target on shares of JD.com from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Benchmark reduced their price target on shares of JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Morgan Stanley dropped their price objective on JD.com from $28.00 to $24.00 and set an “underweight” rating on the stock in a report on Wednesday, January 14th. Finally, Nomura cut their target price on JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, November 17th. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.71.

JD.com Stock Down 0.7%

Shares of NASDAQ JD opened at $27.23 on Friday. The business has a 50-day moving average of $28.74 and a two-hundred day moving average of $30.94. The company has a market capitalization of $39.01 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 5.87 and a beta of 0.41. JD.com has a 1 year low of $26.72 and a 1 year high of $46.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JD. SIH Partners LLLP lifted its position in JD.com by 74.1% in the fourth quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock valued at $143,255,000 after purchasing an additional 2,125,212 shares during the period. Marshall Wace LLP lifted its holdings in shares of 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. Evergreen Capital Management LLC acquired a new stake in shares of JD.com in the 3rd quarter valued at approximately $51,741,000. Crake Asset Management LLP purchased a new stake in shares of JD.com in the second quarter valued at approximately $41,975,000. Finally, Syquant Capital Sas acquired a new position in JD.com during the fourth quarter worth $35,323,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.