JD.Com (JD) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of JD.Com (NASDAQ:JD) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

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. “

A number of other analysts also recently commented on JD. CLSA downgraded JD.Com from an outperform rating to an underperform rating and set a $29.00 price target for the company. in a research report on Thursday, September 20th. Morgan Stanley reaffirmed a hold rating and set a $25.00 price target on shares of JD.Com in a research report on Monday, September 17th. BidaskClub raised JD.Com from a strong sell rating to a sell rating in a research report on Friday, November 2nd. MKM Partners decreased their price target on JD.Com to $41.00 and set a buy rating for the company in a research report on Monday, September 24th. Finally, UBS Group set a $28.00 price target on JD.Com and gave the company a buy rating in a research report on Friday, October 12th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $34.35.

Shares of JD stock traded down $0.45 during trading hours on Tuesday, reaching $22.95. The company had a trading volume of 469,834 shares, compared to its average volume of 19,477,910. JD.Com has a 12 month low of $19.21 and a 12 month high of $50.68. The company has a quick ratio of 0.57, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $28.52 billion, a PE ratio of 2,298.50 and a beta of 1.16.

JD.Com (NASDAQ:JD) last posted its earnings results on Monday, November 19th. The information services provider reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.06). JD.Com had a net margin of 0.31% and a negative return on equity of 2.40%. The company had revenue of $104.77 billion during the quarter, compared to the consensus estimate of $105.93 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The firm’s revenue for the quarter was up 25.1% compared to the same quarter last year. On average, equities research analysts anticipate that JD.Com will post 0.02 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of JD. Centaurus Financial Inc. lifted its stake in shares of JD.Com by 57.1% in the 2nd quarter. Centaurus Financial Inc. now owns 4,417 shares of the information services provider’s stock valued at $172,000 after acquiring an additional 1,606 shares during the last quarter. HighPoint Advisor Group LLC lifted its stake in shares of JD.Com by 33.2% in the 2nd quarter. HighPoint Advisor Group LLC now owns 6,742 shares of the information services provider’s stock valued at $216,000 after acquiring an additional 1,681 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of JD.Com by 56.5% in the 3rd quarter. IFP Advisors Inc now owns 6,423 shares of the information services provider’s stock valued at $168,000 after acquiring an additional 2,318 shares during the last quarter. AMP Capital Investors Ltd lifted its stake in shares of JD.Com by 4.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 57,065 shares of the information services provider’s stock valued at $1,451,000 after acquiring an additional 2,637 shares during the last quarter. Finally, Commonwealth Bank of Australia lifted its stake in shares of JD.Com by 117.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 5,102 shares of the information services provider’s stock valued at $197,000 after acquiring an additional 2,754 shares during the last quarter. 47.24% of the stock is 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 Mall 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; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

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