JD.Com (JD) Stock Rating Upgraded by ValuEngine

JD.Com (NASDAQ:JD) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other equities analysts have also weighed in on JD. KeyCorp decreased their price target on shares of JD.Com from $51.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Stifel Nicolaus decreased their price target on shares of JD.Com from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Benchmark decreased their price target on shares of JD.Com from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Nomura decreased their price target on shares of JD.Com from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Finally, UBS Group decreased their price target on shares of JD.Com from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $35.19.

Shares of NASDAQ JD opened at $20.93 on Thursday. JD.Com has a 1 year low of $19.21 and a 1 year high of $50.68. The company has a market cap of $25.56 billion, a P/E ratio of 2,093.00 and a beta of 1.37. 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 (NASDAQ:JD) last announced its earnings results on Monday, November 19th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.06). JD.Com had a negative return on equity of 2.40% and a net margin of 0.31%. The firm had revenue of $104.77 billion for the quarter, compared to analyst estimates of $105.93 billion. During the same quarter last year, the business posted $1.52 EPS. The firm’s revenue was up 25.1% compared to the same quarter last year. Sell-side analysts anticipate that JD.Com will post 0.02 earnings per share for the current year.

Several hedge funds have recently modified their holdings of JD. Cornerstone Wealth Management LLC purchased a new position in shares of JD.Com in the 2nd quarter valued at $454,000. Eqis Capital Management Inc. purchased a new position in shares of JD.Com in the 2nd quarter valued at $249,000. Commonwealth Equity Services LLC raised its stake in shares of JD.Com by 45.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 107,250 shares of the information services provider’s stock valued at $4,177,000 after acquiring an additional 33,439 shares during the period. Aviva PLC raised its stake in shares of JD.Com by 11.4% in the 2nd quarter. Aviva PLC now owns 187,105 shares of the information services provider’s stock valued at $7,288,000 after acquiring an additional 19,170 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of JD.Com by 7.3% in the 2nd quarter. First Trust Advisors LP now owns 1,035,825 shares of the information services provider’s stock valued at $40,345,000 after acquiring an additional 70,630 shares during the period. 47.24% of the stock is currently owned by institutional investors and hedge funds.

About JD.Com

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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