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

StockNews.com cut shares of JD.com (NASDAQ:JD) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and cut their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Barclays upped their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Susquehanna restated a “neutral” rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Finally, Sanford C. Bernstein cut 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 research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and a consensus price target of $39.71.

JD.com Stock Down 1.1 %

Shares of NASDAQ:JD opened at $35.69 on Wednesday. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82. The firm has a fifty day moving average of $36.85 and a 200 day moving average of $31.44. The firm has a market capitalization of $56.29 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts anticipate that JD.com will post 3.74 EPS for the current fiscal year.

Hedge Funds Weigh In On JD.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Townsquare Capital LLC increased its position in shares of JD.com by 254.5% during the third quarter. Townsquare Capital LLC now owns 175,645 shares of the information services provider’s stock valued at $7,026,000 after acquiring an additional 126,094 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new stake in shares of JD.com during the third quarter valued at approximately $103,000. Quantbot Technologies LP purchased a new stake in JD.com in the third quarter worth approximately $2,310,000. D.A. Davidson & CO. purchased a new stake in JD.com in the third quarter worth approximately $290,000. Finally, FMR LLC boosted its holdings in JD.com by 41.0% in the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares during the last quarter. Institutional investors 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.