JD.com, Inc. (JD) Downgraded by Vetr Inc.
Vetr cut shares of JD.com, Inc. (NASDAQ:JD) from a strong-buy rating to a buy rating in a report issued on Thursday morning. The firm currently has $44.44 price objective on the information services provider’s stock.
Several other equities analysts have also recently issued reports on JD. MKM Partners raised JD.com from a neutral rating to a buy rating and boosted their price objective for the company from $33.00 to $51.00 in a report on Wednesday, August 23rd. They noted that the move was a valuation call. Zacks Investment Research cut JD.com from a strong-buy rating to a hold rating in a report on Wednesday, July 12th. J P Morgan Chase & Co boosted their price objective on JD.com to $55.00 and gave the company a positive rating in a report on Tuesday, August 15th. Instinet reissued a buy rating on shares of JD.com in a report on Saturday, July 22nd. Finally, Wells Fargo & Company initiated coverage on JD.com in a report on Tuesday, September 26th. They issued an outperform rating and a $50.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company. JD.com presently has a consensus rating of Buy and an average price target of $43.37.
Shares of JD.com (NASDAQ:JD) opened at 38.20 on Thursday. JD.com has a 12 month low of $23.38 and a 12 month high of $48.99.
JD.com (NASDAQ:JD) last issued its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.02. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The company had revenue of $93.20 billion during the quarter, compared to analysts’ expectations of $89.35 billion. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s revenue was up 43.6% compared to the same quarter last year. On average, analysts anticipate that JD.com will post $0.46 EPS for the current fiscal year.
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Large investors have recently bought and sold shares of the business. Highstreet Asset Management Inc. purchased a new stake in JD.com during the 2nd quarter worth approximately $127,000. IFP Advisors Inc increased its stake in JD.com by 585.2% during the 2nd quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock worth $192,000 after buying an additional 4,184 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in JD.com by 7.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock worth $202,000 after buying an additional 464 shares in the last quarter. Suntrust Banks Inc. purchased a new stake in JD.com during the 2nd quarter worth approximately $207,000. Finally, Bfsg LLC purchased a new stake in JD.com during the 2nd quarter worth approximately $222,000. Institutional investors own 46.43% of the company’s stock.
JD.com Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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