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

StockNews.com cut shares of JD.com (NASDAQ:JD) from a strong-buy rating to a buy rating in a report published on Wednesday.

Other analysts also recently issued reports about the company. Sanford C. Bernstein dropped their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Susquehanna restated a “neutral” rating and set a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. Benchmark reaffirmed a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research note on Tuesday, October 15th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their target price for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Finally, Barclays raised their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.36.

JD.com Trading Up 4.9 %

NASDAQ JD opened at $35.00 on Wednesday. The company has a market cap of $55.20 billion, a P/E ratio of 12.73, a P/E/G ratio of 0.40 and a beta of 0.41. JD.com has a 12 month low of $20.82 and a 12 month 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 company has a 50-day moving average of $37.35 and a 200-day moving average of $31.52.

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

Hedge Funds Weigh In On JD.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after purchasing an additional 4,445,277 shares in the last quarter. Two Sigma Advisers LP raised its holdings in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after acquiring an additional 4,839,700 shares in the last quarter. Lazard Asset Management LLC boosted its stake in JD.com by 30.7% during 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 last quarter. Discerene Group LP grew its holdings in 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 acquiring an additional 2,207,619 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of 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 worth $110,601,000 after purchasing an additional 603,211 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.