JD.com (NASDAQ:JD) Cut to “Neutral” at Arete

Arete downgraded shares of JD.com (NASDAQ:JD) from a buy rating to a neutral rating in a research note issued to investors on Tuesday morning, Marketbeat.com reports. They currently have $45.00 target price on the information services provider’s stock.

Several other research analysts have also issued reports on JD. Morgan Stanley set a $39.00 target price on JD.com in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their target price on JD.com from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, May 27th. Benchmark reduced their price target on JD.com from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Mizuho reduced their price target on JD.com from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 14th. Finally, Citigroup reissued a “buy” rating and issued a $51.00 target price (down from $56.00) on shares of JD.com in a research report on Monday, April 28th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average price target of $46.23.

JD.com Trading Up 1.0%

JD opened at $33.26 on Tuesday. The firm has a market cap of $52.46 billion, a P/E ratio of 8.09, a P/E/G ratio of 1.07 and a beta of 0.48. JD.com has a 12 month low of $24.13 and a 12 month high of $47.82. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $33.41 and a 200 day moving average of $36.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC boosted its holdings in JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock worth $986,280,000 after buying an additional 13,170,649 shares in the last quarter. CoreView Capital Management Ltd boosted its holdings in JD.com by 204.8% during the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock worth $221,878,000 after buying an additional 4,299,872 shares in the last quarter. Appaloosa LP boosted its holdings in JD.com by 43.4% during the fourth 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 in the last quarter. Voya Investment Management LLC purchased a new stake in JD.com during the fourth quarter worth about $109,665,000. Finally, Hhlr Advisors LTD. boosted its holdings in JD.com by 184.7% during the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock worth $197,857,000 after buying an additional 3,121,700 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Company Profile

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.