JD.com (NASDAQ:JD) Cut to Strong Sell at Zacks Research

JD.com (NASDAQ:JD) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Mizuho set a $41.00 price objective on shares of JD.com in a research report on Wednesday, October 22nd. Wall Street Zen downgraded shares of JD.com from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Nomura reduced their price target on JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, November 17th. Benchmark decreased their price objective on JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of JD.com in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.67.

JD.com Stock Down 0.2%

Shares of NASDAQ JD opened at $29.60 on Monday. JD.com has a 12-month low of $28.21 and a 12-month high of $46.44. The stock’s fifty day simple moving average is $29.98 and its two-hundred day simple moving average is $31.83. The stock has a market capitalization of $42.40 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 5.39 and a beta of 0.40. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The firm had revenue of $41.98 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same period in the prior year, the business posted $8.68 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, analysts expect that JD.com will post 3.91 EPS for the current fiscal year.

Hedge Funds Weigh In On JD.com

Several hedge funds have recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in JD.com during the 4th quarter worth about $270,000. Royal Bank of Canada raised its stake in shares of JD.com by 4.5% in the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock worth $14,241,000 after purchasing an additional 15,000 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of JD.com by 5.9% during the first quarter. Advisors Asset Management Inc. now owns 21,812 shares of the information services provider’s stock worth $897,000 after purchasing an additional 1,218 shares during the period. NewEdge Advisors LLC boosted its position in JD.com by 385.0% in the first quarter. NewEdge Advisors LLC now owns 53,721 shares of the information services provider’s stock valued at $2,209,000 after buying an additional 42,644 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in JD.com in the 1st quarter worth approximately $655,000. 15.98% of the stock is owned by institutional investors and hedge funds.

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.