Zacks Investment Research Lowers JD.Com (NASDAQ:JD) to Hold

Zacks Investment Research cut shares of JD.Com (NASDAQ:JD) from a buy rating to a hold rating in a report published on Wednesday morning, reports.

According to Zacks, “, Inc. operates as an online direct sales company in China. The Company, through its Website 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., Inc. is based in Beijing, China. “

A number of other analysts also recently commented on JD. China International Capital raised JD.Com to a buy rating in a research report on Monday, May 13th. Stifel Nicolaus reissued a hold rating and issued a $35.00 target price on shares of JD.Com in a research report on Tuesday. CICC Research raised JD.Com from a hold rating to a buy rating and set a $27.66 target price for the company in a research report on Monday, May 13th. Credit Suisse Group reissued an outperform rating on shares of JD.Com in a research report on Wednesday, July 17th. Finally, TheStreet raised JD.Com from a d+ rating to a c rating in a research report on Friday, May 10th. Eleven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $33.13.

NASDAQ:JD opened at $31.29 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.83. JD.Com has a fifty-two week low of $19.21 and a fifty-two week high of $33.60. The company has a market cap of $35.67 billion, a price-to-earnings ratio of -1,043.00 and a beta of 1.42. The stock has a fifty day moving average price of $30.07 and a 200-day moving average price of $28.44.

JD.Com (NASDAQ:JD) last released its earnings results on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.05 by $0.18. JD.Com had a return on equity of 7.93% and a net margin of 1.23%. The business had revenue of $150.28 billion during the quarter, compared to analysts’ expectations of $147.44 billion. During the same quarter last year, the firm posted $0.33 earnings per share. The firm’s revenue was up 22.9% on a year-over-year basis. Research analysts predict that JD.Com will post 0.54 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in shares of JD.Com by 35.2% in the 4th quarter. Principal Financial Group Inc. now owns 35,044 shares of the information services provider’s stock valued at $733,000 after acquiring an additional 9,119 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of JD.Com by 20.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,307,943 shares of the information services provider’s stock worth $27,484,000 after acquiring an additional 222,161 shares during the period. DNB Asset Management AS purchased a new position in shares of JD.Com during the first quarter worth approximately $304,000. FNY Investment Advisers LLC increased its holdings in JD.Com by 669.2% during the first quarter. FNY Investment Advisers LLC now owns 10,000 shares of the information services provider’s stock valued at $301,000 after buying an additional 8,700 shares during the period. Finally, Wedbush Securities Inc. purchased a new position in JD.Com during the first quarter valued at approximately $265,000. Institutional investors and hedge funds own 48.93% of the company’s stock.

JD.Com Company Profile, 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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