JD.com (NASDAQ:JD) Downgraded to Neutral Rating by Arete

JD.com (NASDAQ:JD) was downgraded by equities researchers at Arete from a “buy” rating to a “neutral” rating in a research report issued on Tuesday,Finviz reports. They presently have a $32.00 price objective on the information services provider’s stock. Arete’s target price indicates a potential upside of 6.95% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Benchmark dropped their price objective on JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Citigroup began coverage on JD.com in a report on Monday, August 11th. They set a “buy” rating and a $42.00 price objective for the company. Arete Research set a $32.00 target price on JD.com in a report on Tuesday. Finally, Bank of America cut their price target on JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and an average price target of $39.14.

JD.com Price Performance

Shares of NASDAQ JD opened at $29.92 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. JD.com has a one year low of $28.21 and a one year high of $46.44. The firm has a market capitalization of $42.86 billion, a P/E ratio of 10.18, a PEG ratio of 6.73 and a beta of 0.41. The company’s fifty day moving average is $32.00 and its two-hundred day moving average is $32.39.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The business had revenue of $41.98 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same quarter last year, the firm posted $8.68 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. Analysts forecast that JD.com will post 3.91 EPS for the current fiscal year.

Hedge Funds Weigh In On JD.com

Large investors have recently added to or reduced their stakes in the business. Dodge & Cox boosted its stake in JD.com by 0.5% in the 3rd quarter. Dodge & Cox now owns 18,792,249 shares of the information services provider’s stock worth $657,353,000 after buying an additional 86,300 shares during the last quarter. Discerene Group LP lifted its holdings in shares of JD.com by 11.8% during the 2nd quarter. Discerene Group LP now owns 6,210,851 shares of the information services provider’s stock worth $202,722,000 after acquiring an additional 656,000 shares during the period. Marshall Wace LLP lifted its holdings in shares of JD.com by 48.9% during the 2nd quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock worth $174,166,000 after acquiring an additional 1,753,236 shares during the period. Voya Investment Management LLC boosted its position in shares of JD.com by 63.8% in the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock worth $213,075,000 after acquiring an additional 2,018,675 shares during the last quarter. Finally, Hhlr Advisors LTD. grew its holdings in JD.com by 184.7% in the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock valued at $197,857,000 after purchasing an additional 3,121,700 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

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.