BidaskClub Lowers JD.Com (NASDAQ:JD) to Sell

JD.Com (NASDAQ:JD) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, June 4th, BidAskClub reports.

A number of other brokerages also recently issued reports on JD. Morgan Stanley lifted their price target on JD.Com from $25.00 to $28.00 and gave the company an “in-line” rating in a research report on Monday, April 15th. Zacks Investment Research downgraded JD.Com from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. upgraded JD.Com from a “neutral” rating to an “overweight” rating and set a $30.55 target price for the company in a research report on Tuesday, April 30th. TheStreet downgraded JD.Com from a “c-” rating to a “d+” rating in a research report on Monday, April 22nd. Finally, China International Capital upgraded JD.Com to a “buy” rating in a research report on Monday, May 13th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $31.00.

JD remained flat at $$30.29 during trading hours on Tuesday. The company had a trading volume of 10,333,299 shares, compared to its average volume of 11,776,175. JD.Com has a 52 week low of $19.21 and a 52 week high of $40.04. The business’s 50-day moving average is $27.81. The company has a quick ratio of 0.49, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $36.47 billion, a PE ratio of -1,009.67 and a beta of 1.36.

JD.Com (NASDAQ:JD) last issued its earnings results on Friday, May 10th. The information services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.12 by $0.15. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. The business had revenue of $121.08 billion during the quarter, compared to the consensus estimate of $120.01 billion. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue was up 20.9% compared to the same quarter last year. As a group, analysts forecast that JD.Com will post 0.51 EPS for the current year.

A number of hedge funds have recently modified their holdings of JD. Hillhouse Capital Advisors Ltd. bought a new stake in JD.Com in the fourth quarter worth $314,813,000. BlackRock Inc. increased its position in JD.Com by 8.1% during the fourth quarter. BlackRock Inc. now owns 35,200,026 shares of the information services provider’s stock valued at $736,736,000 after acquiring an additional 2,650,221 shares during the last quarter. Exane Derivatives purchased a new stake in JD.Com during the fourth quarter valued at $75,000. Thoroughbred Financial Services LLC purchased a new stake in JD.Com during the fourth quarter valued at $335,000. Finally, LPL Financial LLC increased its position in JD.Com by 42.9% during the fourth quarter. LPL Financial LLC now owns 59,857 shares of the information services provider’s stock valued at $1,253,000 after acquiring an additional 17,959 shares during the last quarter. 48.54% of the stock is currently owned by institutional investors.

About JD.Com

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

See Also: Earnings Reports

Analyst Recommendations for JD.Com (NASDAQ:JD)

Receive News & Ratings for JD.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.Com and related companies with MarketBeat.com's FREE daily email newsletter.