JD.com (NASDAQ:JD) Cut to Buy at StockNews.com

StockNews.com lowered shares of JD.com (NASDAQ:JD) from a strong-buy rating to a buy rating in a report released on Wednesday.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and decreased their price target for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research note on Tuesday, October 15th. Susquehanna restated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Finally, Barclays increased their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.36.

JD.com Stock Performance

NASDAQ JD opened at $35.00 on Wednesday. The company’s fifty day moving average is $37.35 and its two-hundred day moving average is $31.52. The firm has a market capitalization of $55.20 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 0.40 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $8.57. The company had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. JD.com’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. Equities research analysts forecast that JD.com will post 3.74 EPS for the current year.

Hedge Funds Weigh In On JD.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JD. Canada Pension Plan Investment Board boosted its position in JD.com by 9.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after acquiring an additional 129,763 shares during the last quarter. Polunin Capital Partners Ltd boosted its holdings in JD.com by 27.8% during the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after purchasing an additional 447,264 shares during the last quarter. Seven Grand Managers LLC acquired a new position in JD.com during the third quarter worth $16,800,000. M&G Plc bought a new position in JD.com in the first quarter valued at $22,920,000. Finally, SG Americas Securities LLC increased its stake in JD.com by 55.8% in the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after buying an additional 33,771 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

About JD.com

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.