JD.com (NASDAQ:JD) Downgraded to Buy at StockNews.com

StockNews.com downgraded shares of JD.com (NASDAQ:JD) from a strong-buy rating to a buy rating in a report issued on Saturday morning.

Several other analysts have also recently commented on the company. Morgan Stanley restated an equal weight rating and set a $27.00 target price on shares of JD.com in a report on Thursday, April 18th. The Goldman Sachs Group began coverage on shares of JD.com in a research report on Thursday, April 25th. They issued a buy rating and a $37.00 price objective for the company. Bank of America upped their target price on shares of JD.com from $38.00 to $43.00 and gave the stock a buy rating in a research report on Friday, May 17th. Susquehanna lowered their price target on shares of JD.com from $30.00 to $28.00 and set a neutral rating for the company in a report on Friday, April 5th. Finally, Benchmark reaffirmed a buy rating and set a $55.00 price objective on shares of JD.com in a report on Friday, May 17th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $37.20.

JD.com Trading Up 1.2 %

Shares of JD opened at $26.09 on Friday. The stock’s 50-day moving average price is $30.27 and its 200 day moving average price is $27.01. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $41.15 billion, a price-to-earnings ratio of 11.91 and a beta of 0.39. JD.com has a 12-month low of $20.82 and a 12-month high of $41.95.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.17. The firm had revenue of $36.02 billion for the quarter, compared to analyst estimates of $35.75 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. As a group, research analysts predict that JD.com will post 3.08 earnings per share for the current year.

Hedge Funds Weigh In On JD.com

Institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in shares of JD.com by 15.8% during the 3rd quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider’s stock worth $270,267,000 after acquiring an additional 1,265,995 shares during the last quarter. FIL Ltd raised its position in shares of JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after purchasing an additional 3,441,605 shares during the period. Lazard Asset Management LLC lifted its stake in shares of JD.com by 30.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after buying an additional 1,368,356 shares during the last quarter. Discerene Group LP boosted its holdings in shares of JD.com by 66.0% during the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after buying an additional 2,207,619 shares during the period. Finally, National Bank of Canada FI grew its stake in JD.com by 292.4% in the 4th quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock valued at $120,679,000 after buying an additional 3,305,956 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.