JD.com (NASDAQ:JD) Lowered to Buy Rating by StockNews.com

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

A number of other research firms have also commented on JD. 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, August 16th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Benchmark reissued a “buy” rating and set a $47.00 target price on shares of JD.com in a research note on Tuesday, October 15th. Finally, Susquehanna restated a “neutral” rating and set a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.71.

JD.com Stock Down 7.5 %

Shares of JD opened at $36.10 on Wednesday. JD.com has a 1 year low of $20.82 and a 1 year high of $47.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The stock has a 50 day simple moving average of $36.67 and a two-hundred day simple moving average of $31.40. The firm has a market cap of $56.93 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.43 and a beta of 0.41.

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. On average, analysts forecast that JD.com will post 3.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Atlas Capital Advisors LLC bought a new position in shares of JD.com during the 2nd quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC boosted its position in shares of 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 during the period. Huntington National Bank increased its stake in shares of JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares in the last quarter. Blue Trust Inc. raised its position in shares of JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after purchasing an additional 2,360 shares during the period. Finally, Unique Wealth Strategies LLC purchased a new position in shares of JD.com during the 2nd quarter valued at $172,000. Hedge funds and other 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.