JD.Com (JD) Rating Increased to Sell at BidaskClub

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

JD has been the subject of several other research reports. Stifel Nicolaus lowered shares of JD.Com from a buy rating to a hold rating in a research note on Monday, November 19th. Zacks Investment Research lowered shares of JD.Com from a hold rating to a strong sell rating in a research note on Saturday, November 3rd. Morgan Stanley reaffirmed a hold rating and issued a $25.00 price objective on shares of JD.Com in a research note on Monday, September 17th. UBS Group reduced their price objective on shares of JD.Com from $45.00 to $38.00 and set a buy rating for the company in a research note on Friday, August 17th. Finally, Benchmark reduced their price objective on shares of JD.Com to $31.00 and set a buy rating for the company in a research note on Tuesday, November 20th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $35.55.

Shares of JD stock traded down $0.44 on Wednesday, hitting $21.01. The company’s stock had a trading volume of 454,447 shares, compared to its average volume of 19,068,804. The company has a current ratio of 0.90, a quick ratio of 0.57 and a debt-to-equity ratio of 0.15. JD.Com has a fifty-two week low of $19.21 and a fifty-two week high of $50.68. The firm has a market cap of $25.83 billion, a PE ratio of 2,086.00 and a beta of 1.37.

JD.Com (NASDAQ:JD) last released its quarterly earnings data on Monday, November 19th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $104.77 billion during the quarter, compared to analyst estimates of $105.93 billion. During the same period in the previous year, the firm posted $1.52 EPS. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. As a group, analysts forecast that JD.Com will post 0.02 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of JD.Com by 2.4% during the third quarter. Vanguard Group Inc. now owns 27,469,471 shares of the information services provider’s stock valued at $716,678,000 after buying an additional 649,113 shares during the last quarter. Dodge & Cox raised its position in shares of JD.Com by 20.2% during the third quarter. Dodge & Cox now owns 31,986,772 shares of the information services provider’s stock valued at $834,535,000 after buying an additional 5,382,080 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its position in shares of JD.Com by 40.1% during the third quarter. ANTIPODES PARTNERS Ltd now owns 3,158,777 shares of the information services provider’s stock valued at $82,412,000 after buying an additional 904,334 shares during the last quarter. Morgan Stanley raised its position in shares of JD.Com by 50.8% during the third quarter. Morgan Stanley now owns 9,170,799 shares of the information services provider’s stock valued at $239,266,000 after buying an additional 3,088,098 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of JD.Com by 0.9% during the third quarter. Legal & General Group Plc now owns 3,746,534 shares of the information services provider’s stock valued at $97,747,000 after buying an additional 31,914 shares during the last quarter. 47.24% of the stock is owned by hedge funds and other 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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Analyst Recommendations for JD.Com (NASDAQ:JD)

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