JD.com (NASDAQ:JD) Stock Rating Lowered by StockNews.com

JD.com (NASDAQ:JD) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently commented on the stock. Macquarie raised shares of JD.com from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $26.00 to $40.00 in a report on Friday, May 17th. JPMorgan Chase & Co. raised shares of JD.com from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $36.00 in a research note on Friday. Sanford C. Bernstein lowered their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday. Bank of America raised their price objective on JD.com from $38.00 to $43.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Barclays lowered their target price on JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Stock Up 8.5 %

JD.com stock opened at $29.29 on Friday. The company’s 50-day moving average price is $27.05 and its two-hundred day moving average price is $27.24. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15. The stock has a market cap of $46.19 billion, a P/E ratio of 13.37 and a beta of 0.39. JD.com has a twelve month low of $20.82 and a twelve month high of $35.69.

JD.com (NASDAQ:JD) last announced its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 11.43% and a net margin of 2.26%. The company had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. During the same quarter last year, the company earned $0.68 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts expect that JD.com will post 3.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Atlas Capital Advisors LLC acquired a new position in shares of JD.com in the 2nd quarter valued at about $28,000. Allspring Global Investments Holdings LLC increased its holdings in JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after purchasing an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC bought a new position in shares of JD.com during the 1st quarter worth approximately $58,000. CWM LLC grew its position in shares of JD.com by 69.3% during the 4th quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock worth $85,000 after buying an additional 1,208 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of JD.com by 20.1% during the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after acquiring an additional 686 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.