JD.com (NASDAQ:JD) Stock Rating Lowered by Arete Research

JD.com (NASDAQ:JD) was downgraded by stock analysts at Arete Research from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $32.00 target price on the information services provider’s stock. Arete Research’s price target suggests a potential upside of 8.07% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Benchmark cut their target price on shares of JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $38.00 price objective on shares of JD.com in a research report on Friday, November 14th. Bank of America reduced their price objective on JD.com from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Weiss Ratings restated a “hold (c-)” rating on shares of JD.com in a research note on Monday, December 1st. Finally, Wall Street Zen cut JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.14.

JD.com Stock Down 0.3%

Shares of NASDAQ:JD opened at $29.61 on Tuesday. The company’s fifty day moving average is $31.76 and its 200-day moving average is $32.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. JD.com has a 52 week low of $28.21 and a 52 week high of $46.44. The company has a market capitalization of $42.42 billion, a PE ratio of 10.07, a P/E/G ratio of 6.68 and a beta of 0.40.

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

Hedge Funds Weigh In On JD.com

Hedge funds have recently added to or reduced their stakes in the company. Binnacle Investments Inc increased its position in JD.com by 365.8% in 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 during the period. Stone House Investment Management LLC bought a new position in shares of JD.com in the 3rd quarter valued at about $35,000. Assetmark Inc. boosted its stake in shares of JD.com by 62.0% in the 3rd quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 399 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of JD.com during the 2nd quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC raised its stake in shares of JD.com by 657.9% during the third quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock worth $40,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

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.