Zacks Investment Research cut shares of JD.com Inc. (NASDAQ:JD) from a hold rating to a sell rating in a research report sent to investors 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 subject of a number of other research reports. Vetr downgraded shares of JD.com from a strong-buy rating to a hold rating and set a $26.86 price target for the company. in a report on Tuesday, November 15th. Stifel Nicolaus started coverage on shares of JD.com in a report on Thursday, October 13th. They issued a buy rating and a $34.00 price target for the company. SunTrust Banks Inc. increased their price target on shares of JD.com from $27.00 to $31.00 and gave the company a buy rating in a report on Monday, October 10th. MKM Partners downgraded shares of JD.com from a buy rating to a neutral rating and cut their price target for the company from $32.00 to $27.00 in a report on Tuesday, September 20th. Finally, JPMorgan Chase & Co. started coverage on shares of JD.com in a report on Wednesday, August 31st. They issued a neutral rating and a $29.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. JD.com presently has a consensus rating of Hold and an average price target of $29.75.

Analyst Recommendations for JD.com (NASDAQ:JD)

JD.com (NASDAQ:JD) opened at 26.87 on Wednesday. The firm’s 50-day moving average is $0.00 and its 200-day moving average is $0.00. JD.com has a 52 week low of $19.51 and a 52 week high of $33.48.

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Several large investors have recently added to or reduced their stakes in JD. Advisor Group Inc. bought a new stake in JD.com during the second quarter valued at about $103,000. Lazard Asset Management LLC acquired a new position in JD.com during the third quarter valued at approximately $104,000. Nippon Life Insurance Co. raised its position in JD.com by 38.7% in the third quarter. Nippon Life Insurance Co. now owns 4,197 shares of the company’s stock valued at $109,000 after buying an additional 1,170 shares during the last quarter. Shinko Asset Management Co. Ltd. raised its position in JD.com by 200.0% in the third quarter. Shinko Asset Management Co. Ltd. now owns 6,000 shares of the company’s stock valued at $157,000 after buying an additional 4,000 shares during the last quarter. Finally, KBC Group NV raised its position in JD.com by 3.4% in the second quarter. KBC Group NV now owns 8,016 shares of the company’s stock valued at $170,000 after buying an additional 264 shares during the last quarter. 51.03% of the stock is currently owned by institutional investors and hedge funds.

JD.com Company Profile

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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