JD.com (NASDAQ:JD) Rating Lowered to “Neutral” at Arete

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

A number of other brokerages also recently commented on JD. Arete Research set a $32.00 target price on shares of JD.com in a research note on Tuesday. Bank of America lowered their price target on JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 14th. Mizuho set a $41.00 price objective on JD.com in a research report on Wednesday, October 22nd. Nomura reduced their price objective on JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Finally, Wall Street Zen downgraded JD.com from a “hold” rating to a “sell” rating in a research 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, JD.com has an average rating of “Moderate Buy” and an average target price of $39.14.

JD.com Stock Performance

NASDAQ JD opened at $29.61 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. JD.com has a 1-year low of $28.21 and a 1-year high of $46.44. The firm has a market capitalization of $42.42 billion, a P/E ratio of 10.07, a P/E/G ratio of 6.68 and a beta of 0.40. The business’s 50-day simple moving average is $31.76 and its 200-day simple moving average is $32.35.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.68 EPS. Equities analysts predict that JD.com will post 3.91 EPS for the current year.

Institutional Investors Weigh In On JD.com

Several hedge funds have recently bought and sold shares of the business. Binnacle Investments Inc grew its stake in JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 589 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of JD.com during the third quarter worth approximately $35,000. Assetmark Inc. grew its position in JD.com by 62.0% during the third 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 in the last quarter. Ameritas Advisory Services LLC acquired a new position in JD.com in the 2nd quarter valued at approximately $37,000. Finally, Golden State Wealth Management LLC lifted its position in JD.com by 657.9% in the 3rd 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 in the last quarter. 15.98% of the stock is owned by hedge funds and other 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.