JD.Com (JD) Upgraded by BidaskClub to “Sell”
BidaskClub upgraded shares of JD.Com (NASDAQ:JD) from a strong sell rating to a sell rating in a research note released on Wednesday morning.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded JD.Com from a hold rating to a buy rating and set a $27.00 price target on the stock in a report on Thursday, September 27th. CLSA cut JD.Com from an outperform rating to an underperform rating and set a $29.00 price target on the stock. in a report on Thursday, September 20th. Morgan Stanley restated a hold rating and set a $25.00 price target on shares of JD.Com in a report on Monday, September 17th. MKM Partners cut their price target on JD.Com to $41.00 and set a buy rating on the stock in a report on Monday, September 24th. Finally, UBS Group set a $28.00 price target on JD.Com and gave the stock a buy rating in a report on Friday, October 12th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. JD.Com currently has an average rating of Hold and a consensus target price of $35.19.
JD.Com stock opened at $20.93 on Wednesday. The company has a market cap of $25.56 billion, a price-to-earnings ratio of 2,093.00 and a beta of 1.37. JD.Com has a 52-week low of $19.21 and a 52-week high of $50.68. The company has a current ratio of 0.90, a quick ratio of 0.57 and a debt-to-equity ratio of 0.15.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Wealth Management LLC bought a new position in JD.Com during the 2nd quarter valued at $454,000. Eqis Capital Management Inc. bought a new position in JD.Com during the 2nd quarter valued at $249,000. Commonwealth Equity Services LLC lifted its stake in JD.Com by 45.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 107,250 shares of the information services provider’s stock valued at $4,177,000 after acquiring an additional 33,439 shares in the last quarter. Aviva PLC lifted its stake in JD.Com by 11.4% during the 2nd quarter. Aviva PLC now owns 187,105 shares of the information services provider’s stock valued at $7,288,000 after acquiring an additional 19,170 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in JD.Com by 7.3% during the 2nd quarter. First Trust Advisors LP now owns 1,035,825 shares of the information services provider’s stock valued at $40,345,000 after acquiring an additional 70,630 shares in the last quarter. Institutional investors own 47.24% of the company’s stock.
JD.Com Company Profile
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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