BidaskClub Upgrades JD.Com (JD) to “Sell”

BidaskClub upgraded shares of JD.Com (NASDAQ:JD) from a strong sell rating to a sell rating in a research report report published on Friday morning.

Other equities analysts have also issued research reports about the company. Benchmark lowered their price objective on JD.Com from $48.00 to $43.00 and set a buy rating for the company in a research report on Friday, August 17th. Nomura lowered their price objective on JD.Com from $44.00 to $41.00 and set a buy rating for the company in a research report on Friday, August 17th. Zacks Investment Research lowered JD.Com from a buy rating to a hold rating in a research report on Wednesday, September 19th. KeyCorp lowered their price objective on JD.Com from $51.00 to $43.00 and set a buy rating for the company in a research report on Friday, August 17th. Finally, TheStreet lowered JD.Com from a c rating to a d rating in a research report on Monday, August 20th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $38.89.

Shares of JD.Com stock opened at $24.15 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.66 and a current ratio of 0.99. JD.Com has a 52-week low of $21.58 and a 52-week high of $50.68.

JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 16th. The information services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.35. JD.Com had a negative return on equity of 0.96% and a negative net margin of 0.12%. The company had revenue of $122.30 billion during the quarter, compared to analyst estimates of $122.78 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The firm’s revenue was up 31.2% on a year-over-year basis. As a group, sell-side analysts predict that JD.Com will post 0.14 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in JD. BlackRock Inc. lifted its position in shares of JD.Com by 6.1% during the 2nd quarter. BlackRock Inc. now owns 31,710,484 shares of the information services provider’s stock valued at $1,235,123,000 after buying an additional 1,825,484 shares in the last quarter. OppenheimerFunds Inc. lifted its position in shares of JD.Com by 46.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 24,719,292 shares of the information services provider’s stock valued at $962,818,000 after buying an additional 7,842,079 shares in the last quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST lifted its position in shares of JD.Com by 0.8% during the 3rd quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST now owns 9,139,503 shares of the information services provider’s stock valued at $238,450,000 after buying an additional 71,289 shares in the last quarter. Vontobel Asset Management Inc. purchased a new position in shares of JD.Com during the 2nd quarter valued at about $268,795,000. Finally, Artisan Partners Limited Partnership lifted its position in shares of JD.Com by 6.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 6,102,906 shares of the information services provider’s stock valued at $237,708,000 after buying an additional 372,858 shares in the last quarter. Institutional investors and hedge funds own 50.90% 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 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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Analyst Recommendations for JD.Com (NASDAQ:JD)

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