JD.com (NASDAQ:JD) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of JD.com (NASDAQ:JD) from a hold rating to a sell rating in a research note released on Saturday morning.

Other equities research analysts have also recently issued reports about the company. Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Mizuho set a $41.00 target price on shares of JD.com in a research note on Wednesday, October 22nd. Arete upgraded shares of JD.com from a “sell” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Friday, September 26th. Morgan Stanley downgraded shares of JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 price objective on the stock. in a research report on Monday, November 10th. Finally, Bank of America dropped their target price on shares of JD.com from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.43.

JD.com Price Performance

Shares of NASDAQ JD opened at $29.06 on Friday. JD.com has a twelve month low of $28.21 and a twelve month high of $46.44. The firm has a market cap of $41.63 billion, a P/E ratio of 9.88, a PEG ratio of 6.51 and a beta of 0.41. The company has a 50 day moving average of $33.01 and a 200 day moving average of $32.74. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The business had revenue of $41.98 billion for the quarter, compared to the consensus estimate of $40.87 billion. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The company’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business posted $8.68 EPS. As a group, research analysts expect that JD.com will post 3.91 EPS for the current fiscal year.

Institutional Trading of JD.com

Several large investors have recently added to or reduced their stakes in JD. Nordea Investment Management AB increased its position in JD.com by 2.3% in the second quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock worth $20,291,000 after buying an additional 13,755 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in JD.com by 42.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock worth $3,780,000 after acquiring an additional 34,585 shares during the period. Royal Bank of Canada lifted its holdings in JD.com by 4.5% during the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock valued at $14,241,000 after purchasing an additional 15,000 shares in the last quarter. Range Financial Group LLC lifted its holdings in JD.com by 38.0% during the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock valued at $1,532,000 after purchasing an additional 12,920 shares in the last quarter. Finally, Polunin Capital Partners Ltd boosted its position in shares of JD.com by 1.8% in the second quarter. Polunin Capital Partners Ltd now owns 2,037,856 shares of the information services provider’s stock worth $66,638,000 after purchasing an additional 35,747 shares during the period. 15.98% of the stock is currently owned by 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.