Morgan Stanley Downgrades JD.com (NASDAQ:JD) to Underweight

JD.com (NASDAQ:JD) was downgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research report issued on Monday,Finviz reports. They currently have a $28.00 price target on the information services provider’s stock. Morgan Stanley’s price target would indicate a potential downside of 11.92% from the company’s current price.

A number of other equities research analysts have also recently commented on JD. Citigroup started coverage on shares of JD.com in a research note on Monday, August 11th. They issued a “buy” rating and a $42.00 price objective on the stock. Mizuho set a $41.00 price target on shares of JD.com in a research report on Wednesday, October 22nd. Benchmark dropped their price objective on shares of JD.com from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Bank of America cut their price objective on JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, July 14th. Finally, Arete upgraded JD.com from a “sell” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, JD.com has an average rating of “Moderate Buy” and an average price target of $41.92.

JD.com Stock Down 0.5%

JD.com stock opened at $31.79 on Monday. JD.com has a fifty-two week low of $29.90 and a fifty-two week high of $46.44. The firm has a market capitalization of $45.54 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 3.23 and a beta of 0.41. The stock’s fifty day moving average is $33.59 and its two-hundred day moving average is $33.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22.

Institutional Investors Weigh In On JD.com

A number of institutional investors have recently bought and sold shares of JD. Hhlr Advisors LTD. increased its holdings in shares of JD.com by 184.7% during the 1st 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 during the last quarter. Voya Investment Management LLC raised its holdings in shares of JD.com by 63.8% in the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock worth $213,075,000 after purchasing an additional 2,018,675 shares during the period. Marshall Wace LLP lifted its stake 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 purchasing an additional 1,753,236 shares in the last quarter. Federated Hermes Inc. raised its holdings in JD.com by 61.9% in the first quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider’s stock valued at $179,862,000 after buying an additional 1,671,839 shares during the period. Finally, ANTIPODES PARTNERS Ltd lifted its position in JD.com by 112.8% during the first quarter. ANTIPODES PARTNERS Ltd now owns 2,942,624 shares of the information services provider’s stock valued at $121,010,000 after buying an additional 1,559,749 shares in the last quarter. 15.98% of the stock is currently 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.