JD.Com (JD) Upgraded to C at TheStreet

JD.Com (NASDAQ:JD) was upgraded by TheStreet from a “d+” rating to a “c” rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.

Other equities analysts have also issued reports about the stock. CICC Research upgraded shares of JD.Com from a “hold” rating to a “buy” rating and set a $27.66 price target on the stock in a research report on Monday. Zacks Investment Research lowered shares of JD.Com from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Stifel Nicolaus restated a “hold” rating and set a $32.00 price target on shares of JD.Com in a research report on Friday. Morgan Stanley boosted their price target on shares of JD.Com from $25.00 to $28.00 and gave the stock an “in-line” rating in a research report on Monday, April 15th. Finally, Macquarie set a $22.00 price target on shares of JD.Com and gave the stock a “hold” rating in a research report on Friday, January 25th. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. JD.Com currently has an average rating of “Hold” and an average price target of $31.90.

Shares of NASDAQ JD opened at $28.18 on Friday. JD.Com has a 52-week low of $19.21 and a 52-week high of $45.23. The stock has a market capitalization of $33.12 billion, a PE ratio of -939.33 and a beta of 1.30. The company has a current ratio of 0.87, a quick ratio of 0.50 and a debt-to-equity ratio of 0.16.



JD.Com (NASDAQ:JD) last announced its earnings results on Thursday, February 28th. The information services provider reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.08. JD.Com had a negative net margin of 0.51% and a negative return on equity of 1.26%. The business had revenue of $19.61 billion for the quarter, compared to analyst estimates of $19.34 billion. Research analysts predict that JD.Com will post 0.36 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in JD. Hillhouse Capital Advisors Ltd. acquired a new position in JD.Com during the 4th quarter worth approximately $314,813,000. Norges Bank acquired a new position in JD.Com during the 4th quarter worth approximately $199,040,000. Carmignac Gestion grew its holdings in JD.Com by 1,472.3% during the 4th quarter. Carmignac Gestion now owns 7,702,694 shares of the information services provider’s stock worth $161,217,000 after acquiring an additional 7,212,802 shares in the last quarter. BlackRock Inc. grew its holdings in JD.Com by 11.6% during the 1st quarter. BlackRock Inc. now owns 39,266,220 shares of the information services provider’s stock worth $1,183,877,000 after acquiring an additional 4,066,194 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of JD.Com by 50.8% in the 3rd quarter. Morgan Stanley now owns 9,170,799 shares of the information services provider’s stock valued at $239,266,000 after buying an additional 3,088,098 shares in the last quarter. Hedge funds and other institutional investors own 47.91% of the company’s stock.

About JD.Com

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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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