JD.Com (NASDAQ:JD) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of JD.Com (NASDAQ:JD) from a sell rating to a hold rating in a research report report published on Wednesday morning, BidAskClub reports.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of JD.Com from a hold rating to a strong-buy rating and set a $36.00 target price for the company in a research report on Tuesday. Stifel Nicolaus reissued a hold rating and issued a $35.00 target price on shares of JD.Com in a research report on Tuesday, August 13th. China International Capital raised shares of JD.Com to a buy rating in a research report on Monday, May 13th. Credit Suisse Group reissued an outperform rating on shares of JD.Com in a research report on Wednesday, July 17th. Finally, Mizuho boosted their target price on shares of JD.Com from $28.00 to $31.00 and gave the stock a neutral rating in a research report on Wednesday, August 14th. Eleven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $32.82.

JD opened at $28.77 on Wednesday. The company has a 50-day moving average of $30.04 and a 200-day moving average of $28.59. The company has a market capitalization of $37.01 billion, a P/E ratio of 62.74 and a beta of 1.42. JD.Com has a 1-year low of $19.21 and a 1-year high of $32.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 0.91.

JD.Com (NASDAQ:JD) last released its earnings results on Tuesday, August 13th. The information services provider reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.18. The company had revenue of $150.28 billion during the quarter, compared to the consensus estimate of $147.44 billion. JD.Com had a net margin of 1.23% and a return on equity of 7.72%. The company’s revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS. As a group, sell-side analysts expect that JD.Com will post 0.77 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Canal Capital Management LLC grew its position in JD.Com by 1.6% in the 1st quarter. Canal Capital Management LLC now owns 21,789 shares of the information services provider’s stock worth $657,000 after purchasing an additional 335 shares during the last quarter. American International Group Inc. grew its position in JD.Com by 0.6% in the 1st quarter. American International Group Inc. now owns 67,486 shares of the information services provider’s stock worth $2,035,000 after purchasing an additional 374 shares during the last quarter. CWM Advisors LLC grew its position in JD.Com by 2.5% in the 2nd quarter. CWM Advisors LLC now owns 16,930 shares of the information services provider’s stock worth $513,000 after purchasing an additional 407 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in JD.Com by 1.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 31,397 shares of the information services provider’s stock worth $951,000 after purchasing an additional 420 shares during the last quarter. Finally, Signaturefd LLC grew its position in JD.Com by 11.8% in the 2nd quarter. Signaturefd LLC now owns 4,397 shares of the information services provider’s stock worth $133,000 after purchasing an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 47.99% of the company’s stock.

JD.Com Company Profile

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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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