JD.com (NASDAQ:JD) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of JD.com (NASDAQ:JD) from a hold rating to a strong sell rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts also recently commented on JD. Arete Research set a $32.00 price target on shares of JD.com in a research note on Tuesday, December 9th. Arete downgraded shares of JD.com from a “buy” rating to a “neutral” rating and set a $32.00 price objective for the company. in a report on Tuesday, December 9th. Bank of America decreased their target price on shares of JD.com from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. HSBC reiterated a “buy” rating and issued a $37.00 price target on shares of JD.com in a research report on Monday, December 29th. Finally, Susquehanna reissued a “neutral” rating on shares of JD.com in a research report on Monday, November 24th. One equities research 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 given a Sell rating to the company. According to MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average price target of $38.67.

JD.com Trading Down 1.7%

Shares of NASDAQ:JD opened at $29.09 on Monday. JD.com has a 12-month low of $28.21 and a 12-month high of $46.44. The business has a 50 day moving average of $29.98 and a 200-day moving average of $31.83. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20. The stock has a market cap of $41.67 billion, a PE ratio of 9.93, a P/E/G ratio of 5.39 and a beta of 0.40.

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

Institutional Investors Weigh In On JD.com

A number of large investors have recently modified their holdings of the business. Nordea Investment Management AB boosted its holdings in JD.com by 2.3% in the second quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock valued at $20,291,000 after acquiring an additional 13,755 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of JD.com by 42.6% in the 2nd quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock worth $3,780,000 after purchasing an additional 34,585 shares during the period. Perpetual Ltd boosted its stake in shares of JD.com by 2.4% in the 2nd quarter. Perpetual Ltd now owns 572,843 shares of the information services provider’s stock valued at $18,698,000 after purchasing an additional 13,587 shares during the last quarter. Royal Bank of Canada increased its position in shares of JD.com by 4.5% during the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock worth $14,241,000 after buying an additional 15,000 shares during the period. Finally, Range Financial Group LLC raised its stake in JD.com by 38.0% during the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock worth $1,532,000 after buying an additional 12,920 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

About JD.com

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.