Vetr Downgrades JD.Com (JD) to Buy

Vetr cut shares of JD.Com (NASDAQ:JD) from a strong-buy rating to a buy rating in a report issued on Monday, January 8th. The brokerage currently has $51.52 price target on the information services provider’s stock.

A number of other analysts also recently issued reports on JD. Zacks Investment Research downgraded JD.Com from a hold rating to a sell rating in a research report on Wednesday, October 11th. KeyCorp set a $51.00 price target on JD.Com and gave the stock a buy rating in a report on Monday, November 13th. UBS Group raised JD.Com from a neutral rating to a buy rating in a research note on Monday, October 30th. JPMorgan Chase & Co. dropped their price target on JD.Com from $52.00 to $50.00 and set an overweight rating for the company in a research note on Wednesday, November 15th. Finally, BidaskClub downgraded JD.Com from a hold rating to a sell rating in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $46.75.

Shares of JD.Com (JD) traded up $0.36 during mid-day trading on Monday, hitting $46.82. The stock had a trading volume of 4,541,916 shares, compared to its average volume of 12,995,810. The firm has a market capitalization of $66,390.00, a PE ratio of -668.86 and a beta of 1.38. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.30. JD.Com has a 12 month low of $26.71 and a 12 month high of $48.99.

JD.Com (NASDAQ:JD) last posted its earnings results on Monday, November 13th. The information services provider reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.12. JD.Com had a positive return on equity of 0.83% and a negative net margin of 0.29%. equities analysts forecast that JD.Com will post 0.07 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D boosted its stake in JD.Com by 11.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 678,507 shares of the information services provider’s stock valued at $25,919,000 after acquiring an additional 70,102 shares in the last quarter. Rovida Advisors Inc. acquired a new stake in shares of JD.Com during the third quarter worth $43,403,000. Janus Henderson Group PLC acquired a new stake in shares of JD.Com during the second quarter worth $1,371,000. Russell Investments Group Ltd. lifted its stake in shares of JD.Com by 38.4% during the third quarter. Russell Investments Group Ltd. now owns 2,297,335 shares of the information services provider’s stock worth $87,748,000 after buying an additional 637,176 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of JD.Com by 0.8% during the second quarter. BlackRock Inc. now owns 31,030,874 shares of the information services provider’s stock worth $1,217,028,000 after buying an additional 260,994 shares during the period. 44.04% of the stock is currently owned by institutional investors.

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JD.Com Company Profile

JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for JD.Com (NASDAQ:JD)

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