JD.com (NASDAQ:JD) Lowered to “Neutral” Rating by Arete Research

Arete Research downgraded shares of JD.com (NASDAQ:JD) from a buy rating to a neutral rating in a report released on Tuesday morning, Marketbeat Ratings reports. Arete Research currently has $32.00 price objective on the information services provider’s stock.

Other equities analysts also recently issued research reports about the company. Morgan Stanley downgraded JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 target price on the stock. in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of JD.com in a research report on Monday, December 1st. Sanford C. Bernstein reissued an “outperform” rating and issued a $38.00 target price on shares of JD.com in a research note on Friday, November 14th. Benchmark dropped their price target on shares of JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Finally, Citigroup started coverage on shares of JD.com in a research report on Monday, August 11th. They issued a “buy” rating and a $42.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus target price of $39.14.

JD.com Stock Down 0.7%

Shares of NASDAQ JD opened at $29.70 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. JD.com has a 12-month low of $28.21 and a 12-month high of $46.44. The firm’s 50-day moving average price is $31.90 and its 200-day moving average price is $32.37. The stock has a market capitalization of $42.55 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 6.73 and a beta of 0.40.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.44 by $0.08. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The company had revenue of $41.98 billion during the quarter, compared to analyst estimates of $40.87 billion. During the same quarter last year, the business posted $8.68 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. On average, equities research analysts anticipate that JD.com will post 3.91 EPS for the current fiscal year.

Institutional Trading of JD.com

A number of hedge funds have recently bought and sold shares of the business. Channing Global Advisors LLC lifted its stake in JD.com by 1.9% in the 3rd quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock worth $605,000 after purchasing an additional 321 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of JD.com by 3.8% in the second quarter. SBI Securities Co. Ltd. now owns 8,876 shares of the information services provider’s stock valued at $290,000 after purchasing an additional 324 shares during the last quarter. Aaron Wealth Advisors LLC lifted its position in JD.com by 6.0% during the third quarter. Aaron Wealth Advisors LLC now owns 6,630 shares of the information services provider’s stock worth $232,000 after buying an additional 374 shares in the last quarter. Assetmark Inc. boosted its stake in JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after buying an additional 399 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in JD.com by 1.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 28,760 shares of the information services provider’s stock valued at $1,006,000 after buying an additional 400 shares in the last quarter. 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.