MKM Partners Lowers JD.Com Inc (JD) to Neutral
JD.Com Inc (NASDAQ:JD) was downgraded by investment analysts at MKM Partners from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday.
A number of other analysts also recently issued reports on JD. Vetr downgraded shares of JD.Com from a “buy” rating to a “hold” rating and set a $25.97 price target on the stock. in a report on Tuesday, August 16th. T.H. Capital downgraded shares of JD.Com from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Brean Capital reissued a “buy” rating on shares of JD.Com in a report on Tuesday, July 19th. Goldman Sachs Group Inc. began coverage on shares of JD.Com in a report on Monday, July 25th. They set a “buy” rating and a $31.00 price target on the stock. Finally, TH Capital downgraded shares of JD.Com from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. JD.Com currently has a consensus rating of “Buy” and an average target price of $31.69.
Shares of JD.Com (NASDAQ:JD) opened at 26.05 on Tuesday. JD.Com has a 12-month low of $19.51 and a 12-month high of $33.48. The company’s market capitalization is $37.60 billion. The stock has a 50 day moving average of $24.91 and a 200-day moving average of $24.35.
JD.Com (NASDAQ:JD) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.32. The business earned $9.80 billion during the quarter, compared to analyst estimates of $9.81 billion. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) EPS. Equities research analysts forecast that JD.Com will post ($0.09) EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Hillhouse Capital Management Ltd. boosted its stake in shares of JD.Com by 0.5% in the first quarter. Hillhouse Capital Management Ltd. now owns 123,207,731 shares of the company’s stock worth $3,265,005,000 after buying an additional 599,139 shares in the last quarter. Dodge & Cox boosted its stake in shares of JD.Com by 33.8% in the second quarter. Dodge & Cox now owns 39,331,236 shares of the company’s stock worth $835,002,000 after buying an additional 9,934,800 shares in the last quarter. Orbis Allan Gray Ltd bought a new stake in shares of JD.Com during the first quarter worth $679,415,000. Baillie Gifford & Co. boosted its stake in shares of JD.Com by 12.0% in the second quarter. Baillie Gifford & Co. now owns 22,127,731 shares of the company’s stock worth $469,771,000 after buying an additional 2,378,483 shares in the last quarter. Finally, Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of JD.Com during the second quarter worth $271,949,000.
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.
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