JD.Com (JD) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of JD.Com (NASDAQ:JD) from a sell rating to a hold rating in a report released on Wednesday.

According to Zacks, “JD.com, Inc. operates as an online direct sales company in China. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China. “

Other equities analysts also recently issued research reports about the stock. Benchmark decreased their price objective on shares of JD.Com to $31.00 and set a buy rating for the company in a research note on Tuesday, November 20th. Credit Suisse Group set a $31.00 target price on shares of JD.Com and gave the stock a buy rating in a research note on Tuesday, November 20th. TH Capital decreased their target price on shares of JD.Com to $30.00 and set a buy rating for the company in a research note on Friday, November 16th. MKM Partners decreased their target price on shares of JD.Com from $41.00 to $35.00 and set a buy rating for the company in a research note on Friday, December 7th. Finally, ValuEngine upgraded shares of JD.Com from a sell rating to a hold rating in a research note on Thursday, December 6th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $32.50.

NASDAQ JD opened at $28.73 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.57. JD.Com has a 1 year low of $19.21 and a 1 year high of $46.31. The firm has a market capitalization of $31.24 billion, a price-to-earnings ratio of -957.67 and a beta of 1.28.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Truewealth LLC raised its holdings in JD.Com by 13.2% during the fourth quarter. Truewealth LLC now owns 3,829 shares of the information services provider’s stock worth $80,000 after purchasing an additional 445 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in JD.Com by 35.6% during the fourth quarter. Commonwealth Bank of Australia now owns 2,950 shares of the information services provider’s stock worth $60,000 after purchasing an additional 774 shares in the last quarter. D.A. Davidson & CO. raised its holdings in JD.Com by 3.6% during the fourth quarter. D.A. Davidson & CO. now owns 27,986 shares of the information services provider’s stock worth $586,000 after purchasing an additional 976 shares in the last quarter. Comerica Bank increased its holdings in JD.Com by 1.4% in the fourth quarter. Comerica Bank now owns 70,718 shares of the information services provider’s stock valued at $1,663,000 after buying an additional 977 shares in the last quarter. Finally, CWM Advisors LLC increased its holdings in JD.Com by 9.9% in the fourth quarter. CWM Advisors LLC now owns 12,956 shares of the information services provider’s stock valued at $271,000 after buying an additional 1,169 shares in the last quarter. 46.96% of the stock is owned by hedge funds and other institutional investors.

JD.Com Company Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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