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 report sent to investors on Wednesday morning.

JD has been the subject of several other research reports. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and cut their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. increased 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. Benchmark reiterated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research note on Tuesday, October 15th. Barclays upped their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Sanford C. Bernstein reduced 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 given a buy rating to the company. According to data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and an average price target of $40.36.

JD.com Trading Up 4.9 %

NASDAQ JD opened at $35.00 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The stock has a market capitalization 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 52-week low of $20.82 and a 52-week high of $47.82. The firm has a 50-day moving average price of $37.35 and a 200 day moving average price of $31.52.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP raised its stake in JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after purchasing an additional 4,839,700 shares during the last quarter. FMR LLC grew its holdings in shares of JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after buying an additional 4,445,277 shares in the last quarter. National Bank of Canada FI raised its position in shares of JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Discerene Group LP lifted its stake in shares of JD.com by 66.0% during the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock valued at $152,147,000 after buying an additional 2,207,619 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after acquiring an additional 2,175,568 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.