JD.Com (JD) Lowered to Strong Sell at BidaskClub

BidaskClub lowered shares of JD.Com (NASDAQ:JD) from a sell rating to a strong sell rating in a research note released on Thursday morning.

Other equities analysts also recently issued research reports about the stock. UBS Group lowered their target price on shares of JD.Com from $45.00 to $38.00 and set a buy rating on the stock in a report on Friday, August 17th. Nomura decreased their price target on shares of JD.Com from $44.00 to $41.00 and set a buy rating on the stock in a research note on Friday, August 17th. Benchmark decreased their price target on shares of JD.Com from $48.00 to $43.00 and set a buy rating on the stock in a research note on Friday, August 17th. Stifel Nicolaus decreased their price target on shares of JD.Com from $50.00 to $48.00 and set a buy rating on the stock in a research note on Friday, August 17th. Finally, KeyCorp decreased their price target on shares of JD.Com from $51.00 to $43.00 and set a buy rating on the stock in a research note on Friday, August 17th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $35.55.

Shares of JD stock opened at $19.27 on Thursday. JD.Com has a 52 week low of $19.21 and a 52 week high of $50.68. The company has a market capitalization of $23.20 billion, a PE ratio of 1,927.00 and a beta of 1.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.66.

JD.Com (NASDAQ:JD) last issued its quarterly earnings results on Monday, November 19th. The information services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). JD.Com had a net margin of 0.31% and a negative return on equity of 2.40%. The firm had revenue of $104.77 billion for the quarter, compared to analysts’ expectations of $105.93 billion. During the same period in the prior year, the firm earned $1.52 EPS. JD.Com’s revenue for the quarter was up 25.1% compared to the same quarter last year. Equities research analysts anticipate that JD.Com will post 0.02 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Neuburgh Advisers LLC bought a new position in JD.Com during the second quarter valued at $102,000. Fifth Third Bancorp increased its position in JD.Com by 1,497.0% during the third quarter. Fifth Third Bancorp now owns 4,312 shares of the information services provider’s stock valued at $113,000 after acquiring an additional 4,042 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in JD.Com during the third quarter valued at $130,000. Glen Harbor Capital Management LLC bought a new position in JD.Com during the second quarter valued at $140,000. Finally, Riverhead Capital Management LLC bought a new position in JD.Com during the second quarter valued at $160,000. Institutional investors and hedge funds own 48.72% of the company’s stock.

About JD.Com

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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