JD.com (NASDAQ:JD) Downgraded to Hold Rating by Zacks Research

JD.com (NASDAQ:JD) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages also recently commented on JD. Barclays cut their price objective on JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Susquehanna raised their price objective on JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Daiwa Securities Group reissued a “hold” rating and set a $27.00 price objective on shares of JD.com in a report on Tuesday, June 23rd. Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Finally, Wall Street Zen upgraded shares of JD.com from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.42.

JD.com Stock Performance

NASDAQ:JD opened at $31.61 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18. JD.com has a 52-week low of $24.51 and a 52-week high of $36.86. The firm has a market capitalization of $39.46 billion, a PE ratio of 24.70 and a beta of 0.38. The stock has a 50-day simple moving average of $29.12 and a two-hundred day simple moving average of $29.06.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. The business had revenue of $50.99 billion during the quarter, compared to analyst estimates of $50.38 billion. JD.com had a return on equity of 5.90% and a net margin of 1.04%. Analysts forecast that JD.com will post 2.78 EPS for the current year.

Institutional Investors Weigh In On JD.com

Institutional investors have recently added to or reduced their stakes in the stock. Binnacle Investments Inc increased its position in shares of JD.com by 365.8% during the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after purchasing an additional 589 shares in the last quarter. Root Financial Partners LLC grew its position in shares of JD.com by 1,020.0% in the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after purchasing an additional 1,020 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of JD.com in the third quarter valued at approximately $43,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of JD.com by 191.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 815 shares during the last quarter. Finally, EFG International AG purchased a new stake in JD.com in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.