JD.com (NASDAQ:JD) Downgraded to Buy at StockNews.com

StockNews.com downgraded shares of JD.com (NASDAQ:JD) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

A number of other equities research analysts have also commented on the stock. Bank of America increased their price objective on shares of JD.com from $38.00 to $43.00 and gave the stock a buy rating in a report on Friday, May 17th. Mizuho increased their price objective on JD.com from $33.00 to $40.00 and gave the company a buy rating in a research report on Friday, May 17th. JPMorgan Chase & Co. upgraded JD.com from a neutral rating to an overweight rating and boosted their target price for the stock from $33.00 to $36.00 in a research report on Friday, August 16th. The Goldman Sachs Group started coverage on JD.com in a report on Thursday, April 25th. They issued a buy rating and a $37.00 price target on the stock. Finally, Barclays cut their target price on shares of JD.com from $41.00 to $40.00 and set an overweight rating on the stock in a research report on Tuesday, July 16th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, JD.com has an average rating of Moderate Buy and an average price target of $36.93.

JD.com Stock Down 4.6 %

NASDAQ JD opened at $28.19 on Friday. JD.com has a 1-year low of $20.82 and a 1-year high of $35.69. The company has a market capitalization of $44.46 billion, a price-to-earnings ratio of 12.87 and a beta of 0.39. The stock’s 50 day moving average is $27.02 and its two-hundred day moving average is $27.34. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $291.01 billion. During the same period last year, the business earned $0.68 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that JD.com will post 3.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JD.com

Large investors have recently modified their holdings of the business. FIL Ltd grew its stake in shares of JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after buying an additional 3,441,605 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of JD.com by 30.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after acquiring an additional 1,368,356 shares during the period. Discerene Group LP increased its stake in shares of JD.com by 66.0% during the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after purchasing an additional 2,207,619 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of JD.com by 292.4% in the 4th quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock valued at $120,679,000 after purchasing an additional 3,305,956 shares during the period. Finally, Federated Hermes Inc. lifted its stake in JD.com by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after purchasing an additional 603,211 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.