MKM Partners Cuts JD.Com (JD) Price Target to $41.00

JD.Com (NASDAQ:JD) had its price target reduced by MKM Partners to $41.00 in a research report sent to investors on Monday, The Fly reports. MKM Partners currently has a buy rating on the information services provider’s stock.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded JD.Com from a hold rating to a strong sell rating in a research note on Friday, August 17th. ValuEngine downgraded JD.Com from a hold rating to a sell rating in a research note on Thursday, July 19th. Stifel Nicolaus reduced their price objective on JD.Com from $50.00 to $48.00 and set a buy rating on the stock in a research note on Friday, August 17th. Nomura reduced their price objective on JD.Com from $44.00 to $41.00 and set a buy rating on the stock in a research note on Friday, August 17th. Finally, UBS Group reduced their price objective on JD.Com from $45.00 to $38.00 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, five have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $39.88.

Shares of JD opened at $25.20 on Monday. The company has a market cap of $29.51 billion, a P/E ratio of 2,520.00 and a beta of 1.39. JD.Com has a 12-month low of $24.38 and a 12-month high of $50.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.66 and a current ratio of 0.99.

JD.Com (NASDAQ:JD) last issued its earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.35. The company had revenue of $122.30 billion for the quarter, compared to the consensus estimate of $122.78 billion. JD.Com had a negative return on equity of 0.94% and a negative net margin of 0.12%. The firm’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. equities analysts expect that JD.Com will post 0.29 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Neuburgh Advisers LLC purchased a new position in shares of JD.Com in the 2nd quarter worth approximately $102,000. Legacy Advisors LLC boosted its holdings in shares of JD.Com by 200.0% in the 2nd quarter. Legacy Advisors LLC now owns 3,000 shares of the information services provider’s stock worth $117,000 after purchasing an additional 2,000 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in JD.Com by 69.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,347 shares of the information services provider’s stock valued at $130,000 after acquiring an additional 1,375 shares during the period. Glen Harbor Capital Management LLC purchased a new position in JD.Com during the 2nd quarter valued at $140,000. Finally, Riverhead Capital Management LLC purchased a new position in JD.Com during the 2nd quarter valued at $160,000. Hedge funds and other institutional investors own 51.17% 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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