JD.Com (NASDAQ:JD) Cut to Hold at BidaskClub

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

Several other research analysts have also recently issued reports on the stock. Stifel Nicolaus set a $74.00 target price on shares of InterXion and gave the stock a buy rating in a report on Friday, May 10th. JPMorgan Chase & Co. raised their target price on shares of Weight Watchers International from $12.00 to $14.00 and gave the stock an underweight rating in a report on Tuesday, April 30th. Loop Capital assumed coverage on shares of TENCENT HOLDING/ADR in a report on Monday, June 3rd. They issued a buy rating on the stock. TheStreet cut shares of USD Partners from a b- rating to a c+ rating in a report on Friday, May 10th. Finally, CICC Research upgraded shares of JD.Com from a hold rating to a buy rating and set a $27.66 target price on the stock in a report on Monday, May 13th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. JD.Com currently has an average rating of Buy and an average target price of $31.18.

Shares of NASDAQ JD opened at $31.08 on Wednesday. JD.Com has a one year low of $19.21 and a one year high of $38.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.49. The company’s 50 day simple moving average is $28.38. The company has a market capitalization of $36.73 billion, a PE ratio of -1,036.00 and a beta of 1.42.

JD.Com (NASDAQ:JD) last issued its quarterly earnings results on Friday, May 10th. The information services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. JD.Com had a net margin of 0.69% and a return on equity of 0.46%. The business had revenue of $121.08 billion for the quarter, compared to analysts’ expectations of $120.01 billion. During the same period last year, the business earned $0.71 earnings per share. The business’s quarterly revenue was up 20.9% on a year-over-year basis. Sell-side analysts forecast that JD.Com will post 0.51 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in JD. LPL Financial LLC increased its holdings in shares of JD.Com by 42.9% during the 4th quarter. LPL Financial LLC now owns 59,857 shares of the information services provider’s stock worth $1,253,000 after purchasing an additional 17,959 shares during the period. Raymond James & Associates grew its stake in JD.Com by 38.5% during the fourth quarter. Raymond James & Associates now owns 102,293 shares of the information services provider’s stock worth $2,141,000 after buying an additional 28,425 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in JD.Com by 4.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 26,919 shares of the information services provider’s stock worth $563,000 after buying an additional 1,269 shares during the last quarter. Advisor Group Inc. grew its stake in JD.Com by 30.0% during the fourth quarter. Advisor Group Inc. now owns 31,243 shares of the information services provider’s stock worth $654,000 after buying an additional 7,206 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in JD.Com by 12.3% during the fourth quarter. CIBC Asset Management Inc now owns 63,100 shares of the information services provider’s stock worth $1,321,000 after buying an additional 6,900 shares during the last quarter. 48.54% of the stock is owned by institutional investors.

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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