JD.com (NASDAQ:JD) Stock Rating Lowered by StockNews.com

JD.com (NASDAQ:JD) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Several other analysts have also recently issued reports on JD. Mizuho increased their target price on shares of JD.com from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Macquarie upgraded shares of JD.com from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $26.00 to $40.00 in a research note on Friday, May 17th. Loop Capital decreased their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Morgan Stanley reissued an “equal weight” rating and issued a $27.00 price target on shares of JD.com in a report on Thursday, April 18th. Finally, Nomura decreased their price target on shares of JD.com from $36.00 to $33.00 in a report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.20.

JD.com Stock Down 1.6 %

JD opened at $25.84 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15. The stock has a market cap of $40.75 billion, a price-to-earnings ratio of 11.80 and a beta of 0.46. JD.com has a twelve month low of $20.82 and a twelve month high of $41.95. The company’s 50-day moving average price is $30.29 and its two-hundred day moving average price is $26.99.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. The company had revenue of $36.02 billion for the quarter, compared to analysts’ expectations of $35.75 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. As a group, equities analysts expect that JD.com will post 3.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC increased its stake in JD.com by 10.0% during the 4th quarter. FNY Investment Advisers LLC now owns 5,500 shares of the information services provider’s stock valued at $158,000 after purchasing an additional 502 shares in the last quarter. Avitas Wealth Management LLC increased its stake in JD.com by 1.5% during the 1st quarter. Avitas Wealth Management LLC now owns 39,966 shares of the information services provider’s stock valued at $1,095,000 after purchasing an additional 579 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in JD.com by 12.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,381 shares of the information services provider’s stock valued at $155,000 after purchasing an additional 602 shares in the last quarter. abrdn plc increased its stake in JD.com by 1.2% during the 4th quarter. abrdn plc now owns 53,544 shares of the information services provider’s stock valued at $1,547,000 after purchasing an additional 659 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in JD.com by 20.1% during the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after purchasing an additional 686 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.