JD.com (NASDAQ:JD) Rating Lowered to “Hold” at Arete Research

JD.com (NASDAQ:JD) was downgraded by Arete Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $30.00 target price on the information services provider’s stock. Arete Research’s price target suggests a potential upside of 8.38% from the stock’s current price.

Other research analysts have also issued reports about the company. Morgan Stanley upped their price target on JD.com from $25.00 to $27.00 and gave the company an “underweight” rating in a research report on Wednesday, May 13th. Nomura raised their price objective on JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Weiss Ratings upgraded JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Barclays lowered their target price on JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Finally, Susquehanna reduced their price target on shares of JD.com from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.25.

JD.com Trading Down 2.1%

NASDAQ JD opened at $27.68 on Monday. The firm’s 50 day moving average price is $29.60 and its two-hundred day moving average price is $29.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 1.14. JD.com has a twelve month low of $24.51 and a twelve month high of $36.86. The stock has a market cap of $34.55 billion, a price-to-earnings ratio of 19.22 and a beta of 0.35.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $50.99 billion during the quarter, compared to analyst estimates of $50.38 billion. JD.com had a return on equity of 6.78% and a net margin of 1.13%.The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.97 earnings per share. Equities analysts anticipate that JD.com will post 2.83 EPS for the current year.

Hedge Funds Weigh In On JD.com

A number of institutional investors have recently modified their holdings of JD. Synergy Financial Group LTD lifted its stake in shares of JD.com by 4.5% in the fourth quarter. Synergy Financial Group LTD now owns 8,763 shares of the information services provider’s stock worth $251,000 after buying an additional 378 shares during the last quarter. First Pacific Financial boosted its holdings in shares of JD.com by 2.9% during the 1st quarter. First Pacific Financial now owns 14,210 shares of the information services provider’s stock worth $420,000 after buying an additional 395 shares during the period. Texas Yale Capital Corp. grew its stake in JD.com by 2.9% in the 4th quarter. Texas Yale Capital Corp. now owns 14,008 shares of the information services provider’s stock valued at $402,000 after buying an additional 400 shares during the last quarter. Prelude Capital Management LLC raised its holdings in JD.com by 1.0% in the 3rd quarter. Prelude Capital Management LLC now owns 40,403 shares of the information services provider’s stock worth $1,413,000 after acquiring an additional 403 shares during the period. Finally, Anchyra Partners LLC raised its holdings in JD.com by 5.8% in the 1st quarter. Anchyra Partners LLC now owns 7,413 shares of the information services provider’s stock worth $219,000 after acquiring an additional 404 shares during the period. Institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.