Zacks Investment Research upgraded shares of JD.Com (NASDAQ:JD) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

According to Zacks, “JD.com, Inc. operates as an online direct sales company in China. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China. “

JD has been the subject of a number of other reports. UBS Group set a $28.00 price objective on JD.Com and gave the stock a buy rating in a research report on Friday, October 12th. ValuEngine upgraded JD.Com from a sell rating to a hold rating in a research report on Thursday, December 6th. BidaskClub lowered JD.Com from a sell rating to a strong sell rating in a research report on Thursday, November 22nd. MKM Partners lowered their price objective on JD.Com from $41.00 to $35.00 and set a buy rating for the company in a research report on Friday, December 7th. Finally, Credit Suisse Group set a $31.00 target price on JD.Com and gave the stock a buy rating in a report on Tuesday, November 20th. Three equities research analysts have rated the stock with a sell rating, eleven have given 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 $34.35.

Shares of NASDAQ:JD traded down $0.45 during midday trading on Tuesday, reaching $22.95. The company’s stock had a trading volume of 469,834 shares, compared to its average volume of 19,477,910. 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 $28.52 billion, a PE ratio of 2,298.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.57 and a current ratio of 0.90.

JD.Com (NASDAQ:JD) last announced its earnings results on Monday, November 19th. The information services provider reported $0.02 earnings per share for the quarter, missing the Zacks’ 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 quarter last year, the business posted $1.52 earnings per share. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. On average, analysts anticipate that JD.Com will post 0.02 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in JD.Com by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 911,002 shares of the information services provider’s stock valued at $35,489,000 after purchasing an additional 33,955 shares during the period. PNC Financial Services Group Inc. boosted its stake in JD.Com by 4.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 132,815 shares of the information services provider’s stock valued at $5,173,000 after purchasing an additional 5,586 shares during the period. Meadow Creek Investment Management LLC bought a new stake in JD.Com in the 2nd quarter valued at $217,000. Riverhead Capital Management LLC bought a new stake in shares of JD.Com during the 2nd quarter valued at $160,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of JD.Com by 95.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 29,869 shares of the information services provider’s stock valued at $1,163,000 after acquiring an additional 14,591 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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