MKM Partners Cuts JD.Com (JD) Price Target to $35.00

JD.Com (NASDAQ:JD) had its target price trimmed by MKM Partners from $41.00 to $35.00 in a research report released on Friday morning, The Fly reports. The firm currently has a buy rating on the information services provider’s stock.

Several other brokerages have also weighed in on JD. TheStreet lowered shares of JD.Com from a c rating to a d rating in a report on Monday, August 20th. Zacks Investment Research upgraded shares of JD.Com from a strong sell rating to a buy rating and set a $37.00 price objective on the stock in a report on Wednesday, August 22nd. Benchmark dropped their price objective on shares of JD.Com from $48.00 to $43.00 and set a buy rating on the stock in a report on Friday, August 17th. Stifel Nicolaus dropped their price objective on shares of JD.Com from $50.00 to $48.00 and set a buy rating on the stock in a report on Friday, August 17th. Finally, KeyCorp dropped their price objective on shares of JD.Com from $51.00 to $43.00 and set a buy rating on the stock in a report on Friday, August 17th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $35.19.

Shares of NASDAQ JD traded down $0.30 during trading on Friday, hitting $20.93. 13,511,096 shares of the company traded hands, compared to its average volume of 18,697,264. JD.Com has a fifty-two week low of $19.21 and a fifty-two week high of $50.68. The firm has a market capitalization of $25.56 billion, a P/E ratio of 2,093.00 and a beta of 1.37. The company has a current ratio of 0.90, a quick ratio of 0.57 and a debt-to-equity ratio of 0.15.

JD.Com (NASDAQ:JD) last announced its quarterly earnings data on Monday, November 19th. The information services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). JD.Com had a net margin of 0.31% and a negative return on equity of 2.40%. The company had revenue of $104.77 billion for the quarter, compared to analyst estimates of $105.93 billion. During the same quarter in the prior year, the company posted $1.52 EPS. JD.Com’s revenue for the quarter was up 25.1% on a year-over-year basis. Equities research analysts forecast that JD.Com will post 0.02 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Neuburgh Advisers LLC bought a new stake in JD.Com in the 2nd quarter worth about $102,000. Fifth Third Bancorp grew its position in JD.Com by 1,497.0% in the 3rd quarter. Fifth Third Bancorp now owns 4,312 shares of the information services provider’s stock worth $113,000 after purchasing an additional 4,042 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in JD.Com in the 3rd quarter worth about $130,000. Glen Harbor Capital Management LLC bought a new stake in JD.Com in the 2nd quarter worth about $140,000. Finally, Riverhead Capital Management LLC bought a new stake in JD.Com in the 2nd quarter worth about $160,000. Institutional investors own 47.24% 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 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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