JD.com (NASDAQ:JD) Cut to “Underweight” at Morgan Stanley

Morgan Stanley lowered shares of JD.com (NASDAQ:JD) from an equal weight rating to an underweight rating in a report released on Monday morning, MarketBeat.com reports. They currently have $28.00 target price on the information services provider’s stock.

JD has been the subject of a number of other reports. Arete raised shares of JD.com from a “sell” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Friday, September 26th. Citigroup initiated coverage on JD.com in a report on Monday, August 11th. They set a “buy” rating and a $42.00 price objective on the stock. Benchmark decreased their price objective on JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Bank of America dropped their target price 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, Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and an average target price of $41.92.

JD.com Stock Performance

Shares of NASDAQ:JD opened at $31.25 on Monday. The business has a fifty day moving average of $33.60 and a 200-day moving average of $32.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. JD.com has a twelve month low of $29.90 and a twelve month high of $46.44. The firm has a market cap of $44.77 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 3.21 and a beta of 0.41.

Hedge Funds Weigh In On JD.com

Several hedge funds have recently added to or reduced their stakes in JD. Channing Global Advisors LLC grew its position in shares of JD.com by 1.9% during the 3rd quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock worth $605,000 after buying an additional 321 shares during the period. SBI Securities Co. Ltd. grew its holdings in JD.com by 3.8% during the second quarter. SBI Securities Co. Ltd. now owns 8,876 shares of the information services provider’s stock valued at $290,000 after purchasing an additional 324 shares during the period. Aaron Wealth Advisors LLC increased its stake in JD.com by 6.0% in the third quarter. Aaron Wealth Advisors LLC now owns 6,630 shares of the information services provider’s stock valued at $232,000 after purchasing an additional 374 shares in the last quarter. Assetmark Inc. increased its stake in JD.com by 62.0% in the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 399 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in JD.com by 1.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 28,760 shares of the information services provider’s stock worth $1,006,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.