CLSA lowered shares of JD.Com (NASDAQ:JD) from an outperform rating to an underperform rating in a research note published on Thursday morning, MarketBeat Ratings reports. CLSA currently has $29.00 price objective on the information services provider’s stock.

A number of other analysts have also recently weighed in on JD. Zacks Investment Research cut shares of JD.Com from a buy rating to a hold rating in a report on Wednesday, September 19th. BidaskClub upgraded shares of JD.Com from a strong sell rating to a sell rating in a report on Wednesday, June 6th. Benchmark reduced their target price on shares of JD.Com from $48.00 to $43.00 and set a buy rating for the company in a report on Friday, August 17th. Morgan Stanley restated a hold rating and set a $25.00 target price on shares of JD.Com in a report on Monday, September 17th. Finally, BNP Paribas assumed coverage on shares of JD.Com in a report on Thursday, June 14th. They set a hold rating for the company. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $41.31.

NASDAQ JD opened at $26.49 on Thursday. JD.Com has a 12 month low of $25.27 and a 12 month high of $50.68. The company has a current ratio of 0.99, a quick ratio of 0.66 and a debt-to-equity ratio of 0.17. The company has a market cap of $31.89 billion, a P/E ratio of 2,649.00 and a beta of 1.39.

JD.Com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, August 16th. The information services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.35. JD.Com had a negative net margin of 0.12% and a negative return on equity of 0.94%. The business had revenue of $122.30 billion for the quarter, compared to analyst estimates of $122.78 billion. During the same quarter last year, the business earned $0.67 earnings per share. The business’s revenue for the quarter was up 31.2% on a year-over-year basis. sell-side analysts predict that JD.Com will post 0.29 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Northern Trust Corp boosted its stake in JD.Com by 7.9% in the 2nd quarter. Northern Trust Corp now owns 5,431,417 shares of the information services provider’s stock worth $211,555,000 after purchasing an additional 399,486 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of JD.Com by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,784,886 shares of the information services provider’s stock valued at $69,520,000 after buying an additional 72,810 shares during the period. HighPoint Advisor Group LLC boosted its stake in shares of JD.Com by 33.2% during the 2nd quarter. HighPoint Advisor Group LLC now owns 6,742 shares of the information services provider’s stock valued at $216,000 after buying an additional 1,681 shares during the period. Global X Management Co LLC boosted its stake in shares of JD.Com by 19.5% during the 2nd quarter. Global X Management Co LLC now owns 502,066 shares of the information services provider’s stock valued at $19,555,000 after buying an additional 81,758 shares during the period. Finally, Yiheng Capital LLC boosted its stake in shares of JD.Com by 12.1% during the 2nd quarter. Yiheng Capital LLC now owns 1,352,524 shares of the information services provider’s stock valued at $52,681,000 after buying an additional 146,392 shares during the period. 51.18% of the stock is owned by hedge funds and other institutional investors.

JD.Com Company Profile

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.

Further Reading: Earnings Per Share

Analyst Recommendations for JD.Com (NASDAQ:JD)

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