JD.com (NASDAQ:JD) Upgraded by Zacks Research to “Strong-Buy” Rating

JD.com (NASDAQ:JD) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other analysts also recently weighed in on JD. Arete Research set a $37.00 price objective on JD.com in a report on Friday, April 17th. Susquehanna boosted their price target on shares of JD.com from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Sanford C. Bernstein upped their price target on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Morgan Stanley increased their price objective on shares of JD.com from $25.00 to $27.00 and gave the company an “underweight” rating in a research note on Wednesday, May 13th. Finally, Citigroup lifted their price objective on shares of JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $36.58.

JD.com Trading Down 0.1%

JD opened at $28.84 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $28.83 and its two-hundred day moving average is $28.74. The company has a market capitalization of $36.00 billion, a P/E ratio of 22.53 and a beta of 0.40. JD.com has a 52 week low of $24.51 and a 52 week high of $36.86.

JD.com (NASDAQ:JD) last issued its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%.The business had revenue of $45.79 billion during the quarter. Analysts forecast that JD.com will post 2.77 earnings per share for the current year.

Institutional Trading of JD.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Binnacle Investments Inc boosted its position in shares of JD.com by 365.8% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after purchasing an additional 589 shares in the last quarter. Root Financial Partners LLC increased its position in JD.com by 1,020.0% during the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after buying an additional 1,020 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in JD.com by 191.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after buying an additional 815 shares during the last quarter. EFG International AG purchased a new stake in JD.com in the fourth quarter valued at about $36,000. Finally, Inspire Investing LLC acquired a new stake in JD.com in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Key Stories Impacting JD.com

Here are the key news stories impacting JD.com this week:

• Positive Sentiment: JD.com was added to Zacks’ Rank #1 (Strong Buy) list, signaling strong near-term momentum in analyst revisions and rating trends. New Strong Buy Stocks for July 14th
• Positive Sentiment: JD.com also appeared on Zacks’ “best income stocks to buy” list, which may appeal to investors looking for a combination of value and income characteristics. Best Income Stocks to Buy for July 14th
• Positive Sentiment: Wall Street analysts’ average price target implies about 40% upside for JD.com, reinforcing a bullish case for the stock despite the usual caveats around consensus targets. Wall Street Analysts Believe JD.com (JD) Could Rally 40.06%: Here’s is How to Trade
• Neutral Sentiment: Additional commentary questioned how much investors should rely on brokerage recommendations, but still noted JD.com’s average analyst rating remains equivalent to a Buy. Is It Worth Investing in JD.com (JD) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Brokerage consensus was also described as “Moderate Buy,” which supports a constructive outlook but does not represent a major new catalyst on its own. JD.com, Inc. Receives Consensus Recommendation of “Moderate Buy” from Brokerages
• Neutral Sentiment: One article repeated the bullish price-target theme, highlighting expected upside and improved earnings revisions rather than any company-specific operational news. Wall Street Analysts Believe JD.com (JD) Could Rally 40.06%: Here’s is How to Trade

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.