BidaskClub Upgrades JD.com, Inc. (JD) to Sell
JD.com, Inc. (NASDAQ:JD) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday.
Other equities analysts have also recently issued reports about the company. Vetr upgraded JD.com from a “hold” rating to a “buy” rating and set a $45.83 price objective for the company in a report on Friday, September 22nd. KeyCorp set a $49.00 target price on JD.com and gave the company a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research lowered JD.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. HSBC Holdings plc reaffirmed a “buy” rating and set a $49.00 price target on shares of JD.com in a research report on Tuesday, August 15th. Finally, Instinet reissued a “buy” rating on shares of JD.com in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the stock. JD.com currently has an average rating of “Buy” and an average price target of $44.23.
JD.com (NASDAQ JD) traded up $0.78 during mid-day trading on Tuesday, hitting $39.79. The stock had a trading volume of 14,471,784 shares, compared to its average volume of 16,640,000. JD.com has a 52 week low of $23.38 and a 52 week high of $48.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 1.20.
JD.com (NASDAQ:JD) last issued its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The firm had revenue of $93.20 billion for the quarter, compared to analyst estimates of $89.35 billion. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The business’s revenue was up 43.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. equities research analysts anticipate that JD.com will post -0.04 EPS for the current fiscal year.
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Several institutional investors have recently modified their holdings of the business. Jennison Associates LLC raised its position in shares of JD.com by 0.8% during the 2nd quarter. Jennison Associates LLC now owns 36,469 shares of the information services provider’s stock worth $1,430,000 after purchasing an additional 277 shares during the last quarter. Advisors Capital Management LLC boosted its position in shares of JD.com by 0.8% during the 2nd quarter. Advisors Capital Management LLC now owns 69,798 shares of the information services provider’s stock worth $2,737,000 after purchasing an additional 581 shares during the period. Formula Growth Ltd. boosted its position in shares of JD.com by 0.9% during the 2nd quarter. Formula Growth Ltd. now owns 71,347 shares of the information services provider’s stock worth $2,798,000 after purchasing an additional 637 shares during the period. ING Groep NV lifted its holdings in JD.com by 2.5% during the 2nd quarter. ING Groep NV now owns 31,439 shares of the information services provider’s stock worth $1,233,000 after buying an additional 761 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC lifted its holdings in JD.com by 0.6% during the 2nd quarter. Pillar Pacific Capital Management LLC now owns 126,075 shares of the information services provider’s stock worth $4,945,000 after buying an additional 775 shares in the last quarter. Institutional investors and hedge funds own 46.44% of the company’s stock.
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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