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

Arete lowered shares of JD.com (NASDAQ:JD) from a buy rating to a neutral rating in a report released on Tuesday, MarketBeat Ratings reports. The firm currently has $32.00 price target on the information services provider’s stock.

A number of other equities analysts have also recently issued reports on JD. Wall Street Zen cut JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Bank of America dropped their target price on JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Morgan Stanley cut shares of JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 price target on the stock. in a research report on Monday, November 10th. Arete Research set a $32.00 price target on shares of JD.com in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JD.com in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $39.14.

JD.com Trading Down 0.7%

Shares of JD.com stock opened at $29.70 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. JD.com has a 1 year low of $28.21 and a 1 year high of $46.44. The firm has a market cap of $42.55 billion, a PE ratio of 10.10, a PEG ratio of 6.73 and a beta of 0.40. The company has a 50 day simple moving average of $31.90 and a two-hundred day simple moving average of $32.37.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $41.98 billion for the quarter, compared to analyst estimates of $40.87 billion. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.68 EPS. Analysts expect that JD.com will post 3.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JD.com

A number of large investors have recently made changes to their positions in the business. Binnacle Investments Inc raised its holdings in shares of JD.com by 365.8% during the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 589 shares in the last quarter. Stone House Investment Management LLC bought a new stake in JD.com in the third quarter valued at $35,000. Assetmark Inc. increased its position in JD.com by 62.0% during the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 399 shares during the period. Ameritas Advisory Services LLC bought a new position in JD.com in the 2nd quarter worth $37,000. Finally, Golden State Wealth Management LLC raised its holdings in JD.com by 657.9% in the 3rd quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock worth $40,000 after purchasing an additional 1,000 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

About JD.com

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.