China International Capital Upgrades JD.Com (JD) to Buy

China International Capital upgraded shares of JD.Com (NASDAQ:JD) to a buy rating in a report published on Monday morning, TipRanks reports.

Other equities research analysts also recently issued reports about the company. TheStreet upgraded JD.Com from a d+ rating to a c rating in a report on Friday, May 10th. CICC Research upgraded JD.Com from a hold rating to a buy rating and set a $27.66 price objective for the company in a report on Monday. Stifel Nicolaus reiterated a hold rating and issued a $32.00 price objective on shares of JD.Com in a report on Friday, May 10th. Zacks Investment Research downgraded JD.Com from a buy rating to a hold rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upgraded JD.Com from a neutral rating to an overweight rating and set a $30.55 price objective for the company in a report on Tuesday, April 30th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. JD.Com presently has an average rating of Hold and an average target price of $32.22.

Shares of NASDAQ:JD opened at $30.44 on Monday. JD.Com has a 1-year low of $19.21 and a 1-year high of $45.23. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market cap of $36.65 billion, a PE ratio of -1,014.67 and a beta of 1.30.

JD.Com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, February 28th. The information services provider reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.08. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. The firm had revenue of $19.61 billion during the quarter, compared to the consensus estimate of $19.34 billion. On average, sell-side analysts predict that JD.Com will post 0.36 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in JD. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of JD.Com during the 1st quarter valued at about $51,000. Advisory Services Network LLC lifted its position in shares of JD.Com by 2,305.1% during the 4th quarter. Advisory Services Network LLC now owns 1,900 shares of the information services provider’s stock valued at $40,000 after buying an additional 1,821 shares in the last quarter. Doyle Wealth Management purchased a new position in shares of JD.Com during the 4th quarter valued at about $42,000. Synovus Financial Corp lifted its position in shares of JD.Com by 50.5% during the 1st quarter. Synovus Financial Corp now owns 2,146 shares of the information services provider’s stock valued at $64,000 after buying an additional 720 shares in the last quarter. Finally, AlphaMark Advisors LLC purchased a new position in shares of JD.Com during the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 47.59% of the company’s stock.

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.

Featured Story: Strike Price

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.