JD.com (NASDAQ:JD) Stock Rating Lowered by StockNews.com

JD.com (NASDAQ:JD) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

JD has been the subject of several other research reports. Mizuho raised their target price on JD.com from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Barclays lowered their target price on JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. HSBC increased their price target on shares of JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Finally, Loop Capital increased their target price on shares of JD.com from $26.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.33.

JD.com Price Performance

NASDAQ JD opened at $33.35 on Monday. JD.com has a 1 year low of $20.82 and a 1 year high of $41.95. The stock’s 50-day moving average price is $27.74 and its two-hundred day moving average price is $26.24. The company has a market cap of $52.60 billion, a PE ratio of 15.64, a PEG ratio of 0.26 and a beta of 0.51. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, beating the consensus estimate of $0.56 by $4.74. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The business had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that JD.com will post 2.85 EPS for the current year.

Institutional Investors Weigh In On JD.com

A number of large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB increased its stake in shares of JD.com by 10.8% in the fourth quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider’s stock worth $12,734,000 after purchasing an additional 43,175 shares during the period. Trexquant Investment LP bought a new stake in shares of JD.com in the third quarter valued at approximately $8,566,000. Platinum Investment Management Ltd. grew its stake in shares of JD.com by 12.8% in the third quarter. Platinum Investment Management Ltd. now owns 547,343 shares of the information services provider’s stock worth $15,944,000 after acquiring an additional 62,129 shares during the last quarter. Oaktree Capital Management LP increased its position in JD.com by 68.7% during the third quarter. Oaktree Capital Management LP now owns 1,706,910 shares of the information services provider’s stock worth $49,722,000 after acquiring an additional 695,180 shares during the period. Finally, SG Americas Securities LLC raised its stake in JD.com by 40.4% during the 4th quarter. SG Americas Securities LLC now owns 738,999 shares of the information services provider’s stock valued at $21,350,000 after purchasing an additional 212,616 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

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.