JD.com (NASDAQ:JD) Lowered to Neutral Rating by Arete

JD.com (NASDAQ:JD) was downgraded by equities researchers at Arete from a “buy” rating to a “neutral” rating in a report released on Tuesday. They presently have a $32.00 price target on the information services provider’s stock. Arete’s target price points to a potential upside of 7.74% from the stock’s previous close.

Several other equities analysts have also commented on the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $38.00 target price on shares of JD.com in a report on Friday, November 14th. Wall Street Zen cut JD.com from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Arete Research set a $32.00 price objective on JD.com in a report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of JD.com in a research note on Monday. Finally, Bank of America lowered their price target on JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.14.

JD.com Stock Down 0.7%

JD.com stock traded down $0.22 during trading on Tuesday, reaching $29.70. The stock had a trading volume of 8,564,085 shares, compared to its average volume of 13,314,402. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20. JD.com has a 52-week low of $28.21 and a 52-week high of $46.44. The stock has a market cap of $42.55 billion, a PE ratio of 10.10, a P/E/G ratio of 6.73 and a beta of 0.41. The business has a 50 day moving average price of $32.00 and a 200 day moving average price of $32.39.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The company had revenue of $41.98 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same period in the prior year, the firm posted $8.68 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, analysts predict that JD.com will post 3.91 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JD. Hhlr Advisors LTD. boosted its holdings in shares of JD.com by 184.7% in the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock valued at $197,857,000 after acquiring an additional 3,121,700 shares during the period. Voya Investment Management LLC raised its position in JD.com by 63.8% in the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock valued at $213,075,000 after purchasing an additional 2,018,675 shares during the last quarter. Marshall Wace LLP boosted its stake in JD.com by 48.9% during the 2nd quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock worth $174,166,000 after purchasing an additional 1,753,236 shares during the period. Evergreen Capital Management LLC acquired a new stake in JD.com during the 3rd quarter worth $51,741,000. Finally, Dodge & Cox grew its position in JD.com by 8.0% during the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider’s stock worth $742,748,000 after purchasing an additional 1,339,508 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.