JD.com, Inc. (JD) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of JD.com, Inc. (NASDAQ:JD) from a hold rating to a sell rating in a research note released on Wednesday.

According to Zacks, “JD.com, Inc. operates as an online direct sales company in China. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China. “

JD has been the topic of several other reports. J P Morgan Chase & Co increased their price target on JD.com to $55.00 and gave the company a positive rating in a report on Tuesday, August 15th. BidaskClub cut JD.com from a hold rating to a sell rating in a report on Thursday, September 28th. Instinet reissued a buy rating on shares of JD.com in a report on Saturday, July 22nd. Bank of America Corporation reissued a buy rating and set a $53.00 price target (up from $46.00) on shares of JD.com in a report on Wednesday, August 9th. Finally, Vetr cut JD.com from a strong-buy rating to a buy rating and set a $44.44 target price on the stock. in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $43.97.

Shares of JD.com (JD) traded down 2.93% during trading on Wednesday, hitting $38.46. The stock had a trading volume of 14,464,698 shares. JD.com has a 1-year low of $23.38 and a 1-year high of $48.99. The stock’s 50-day moving average price is $41.42 and its 200 day moving average price is $39.89. The firm’s market capitalization is $54.74 billion.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $93.20 billion for the quarter, compared to analysts’ expectations of $89.35 billion. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The company’s revenue was up 43.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. On average, analysts anticipate that JD.com will post $0.45 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC bought a new stake in JD.com during the second quarter valued at about $22,991,000. Navellier & Associates Inc bought a new stake in JD.com during the second quarter valued at about $786,000. Nomura Holdings Inc. raised its holdings in JD.com by 8.4% during the second quarter. Nomura Holdings Inc. now owns 95,857 shares of the information services provider’s stock valued at $3,762,000 after acquiring an additional 7,458 shares during the period. Tower Research Capital LLC TRC raised its holdings in JD.com by 897.3% during the second quarter. Tower Research Capital LLC TRC now owns 14,531 shares of the information services provider’s stock valued at $570,000 after acquiring an additional 13,074 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in JD.com by 16.4% during the second quarter. The Manufacturers Life Insurance Company now owns 116,623 shares of the information services provider’s stock valued at $4,574,000 after acquiring an additional 16,401 shares during the period. 46.43% of the stock is currently owned by institutional investors and hedge funds.

About JD.com

JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.

Analyst Recommendations for JD.com (NASDAQ:JD)

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