JD.Com (NASDAQ:JD) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of JD.Com (NASDAQ:JD) from a buy rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

According to Zacks, “JD.com, Inc. operates as an online direct sales company in China. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China. “

JD has been the subject of several other reports. Loop Capital began coverage on JD.Com in a research note on Monday, June 3rd. They set a buy rating for the company. JPMorgan Chase & Co. upgraded JD.Com from a neutral rating to an overweight rating and set a $30.55 price target for the company in a research note on Tuesday, April 30th. Nomura upgraded JD.Com from a neutral rating to a buy rating and set a $29.81 target price for the company in a research note on Wednesday, May 15th. Jefferies Financial Group started coverage on JD.Com in a research note on Monday, August 5th. They issued a buy rating and a $36.50 target price for the company. Finally, TheStreet upgraded JD.Com from a d+ rating to a c rating in a research note on Friday, May 10th. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $32.58.

Shares of NASDAQ:JD opened at $31.29 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. JD.Com has a 52-week low of $19.21 and a 52-week high of $33.60. The stock’s fifty day simple moving average is $30.07 and its 200-day simple moving average is $28.44. The company has a market capitalization of $35.67 billion, a P/E ratio of -1,043.00 and a beta of 1.42.

JD.Com (NASDAQ:JD) last released its earnings results on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.18. The firm had revenue of $150.28 billion during the quarter, compared to analyst estimates of $147.44 billion. JD.Com had a return on equity of 7.93% and a net margin of 1.23%. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, sell-side analysts anticipate that JD.Com will post 0.54 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Prudential PLC lifted its holdings in shares of JD.Com by 33.8% in the 2nd quarter. Prudential PLC now owns 1,159,547 shares of the information services provider’s stock worth $35,123,000 after purchasing an additional 293,232 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of JD.Com in the 2nd quarter worth approximately $1,117,000. WealthStone Inc. bought a new stake in shares of JD.Com in the 2nd quarter worth approximately $28,000. York Capital Management Global Advisors LLC lifted its holdings in shares of JD.Com by 86.8% in the 2nd quarter. York Capital Management Global Advisors LLC now owns 1,109,496 shares of the information services provider’s stock worth $33,607,000 after purchasing an additional 515,706 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of JD.Com in the 2nd quarter worth approximately $57,200,000. 48.93% of the stock is currently owned by institutional investors.

JD.Com Company Profile

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.

Further Reading: Leveraged Buyout (LBO) Explained

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