JD.com (NASDAQ:JD) Stock Rating Lowered by StockNews.com

JD.com (NASDAQ:JD) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

Several other analysts also recently commented on the company. Benchmark lowered their price objective on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, August 16th. JPMorgan Chase & Co. raised JD.com from a “neutral” rating to an “overweight” rating and increased their price target for the company from $33.00 to $36.00 in a research report on Friday, August 16th. Loop Capital dropped their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Susquehanna reiterated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Finally, Sanford C. Bernstein dropped their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Stock Performance

NASDAQ:JD opened at $42.84 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. JD.com has a twelve month low of $20.82 and a twelve month high of $47.82. The company has a fifty day moving average of $29.90 and a 200-day moving average of $29.05. The firm has a market capitalization of $67.56 billion, a P/E ratio of 19.74, a P/E/G ratio of 0.45 and a beta of 0.42.

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

Institutional Trading of JD.com

Large investors have recently modified their holdings of the business. Atlas Capital Advisors LLC bought a new stake in shares of JD.com during the 2nd quarter worth $28,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of JD.com by 812.1% in the 1st 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 in the last quarter. Hexagon Capital Partners LLC bought a new position in shares of JD.com during the 1st quarter valued at about $58,000. Advisors Preferred LLC purchased a new position in shares of JD.com during the 1st quarter valued at about $126,000. Finally, Unique Wealth Strategies LLC bought a new stake in JD.com in the 2nd quarter worth approximately $172,000. Institutional investors own 15.98% of the company’s stock.

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.