JD.Com (NASDAQ:JD) Downgraded to Hold at BidaskClub

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BidaskClub cut shares of JD.Com (NASDAQ:JD) from a buy rating to a hold rating in a research note published on Wednesday morning, BidAskClub reports.

A number of other equities research analysts have also issued reports on JD. Morgan Stanley cut their target price on Wells Fargo & Co from $55.00 to $51.00 and set an equal weight rating on the stock in a research report on Monday, April 15th. JPMorgan Chase & Co. boosted their target price on Weight Watchers International from $12.00 to $14.00 and gave the stock an underweight rating in a research report on Tuesday, April 30th. TheStreet lowered USD Partners from a b- rating to a c+ rating in a research report on Friday, May 10th. Stifel Nicolaus set a $74.00 target price on InterXion and gave the stock a buy rating in a research report on Friday, May 10th. Finally, Nomura cut their target price on Ralph Lauren from $129.00 to $123.00 and set a neutral rating on the stock in a research report on Wednesday, May 15th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. JD.Com currently has a consensus rating of Buy and a consensus price target of $31.18.

JD opened at $31.08 on Wednesday. JD.Com has a one year low of $19.21 and a one year high of $38.77. The company has a quick ratio of 0.49, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average price of $28.38. The company has a market cap of $36.73 billion, a P/E ratio of -1,036.00 and a beta of 1.42.

JD.Com (NASDAQ:JD) last posted its quarterly earnings data on Friday, May 10th. The information services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.15. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. The company had revenue of $121.08 billion for the quarter, compared to the consensus estimate of $120.01 billion. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. Research analysts expect that JD.Com will post 0.51 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in JD.Com during the first quarter valued at $51,000. Advisory Services Network LLC grew its stake in JD.Com by 2,305.1% in the fourth quarter. Advisory Services Network LLC now owns 1,900 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 1,821 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in JD.Com by 233.6% in the first quarter. Rehmann Capital Advisory Group now owns 2,132 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 1,493 shares in the last quarter. Synovus Financial Corp grew its stake in JD.Com by 50.5% in the first quarter. Synovus Financial Corp now owns 2,146 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 720 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in JD.Com in the first quarter valued at about $78,000. 48.54% of the stock is currently 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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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