JD.Com (NASDAQ:JD) was downgraded by research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report released on Monday, MarketBeat reports. They presently have a $24.00 price objective on the information services provider’s stock, down from their prior price objective of $35.00. Macquarie’s price target would indicate a potential upside of 23.14% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Benchmark lowered their price target on JD.Com from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Nomura decreased their target price on JD.Com from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Zacks Investment Research cut JD.Com from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. KeyCorp decreased their target price on JD.Com from $51.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Finally, TheStreet cut JD.Com from a “c” rating to a “d” rating in a report on Monday, August 20th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. JD.Com has an average rating of “Hold” and an average price target of $35.55.

NASDAQ JD opened at $19.49 on Monday. The firm has a market cap of $27.75 billion, a PE ratio of 1,949.00 and a beta of 1.40. The company has a current ratio of 0.99, a quick ratio of 0.66 and a debt-to-equity ratio of 0.17. JD.Com has a 1-year low of $19.27 and a 1-year high of $50.68.

JD.Com (NASDAQ:JD) last released its quarterly earnings results on Monday, November 19th. The information services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). The firm had revenue of $104.77 billion for the quarter, compared to the consensus estimate of $105.93 billion. JD.Com had a negative net margin of 0.12% and a negative return on equity of 0.94%. JD.Com’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.52 earnings per share. As a group, analysts forecast that JD.Com will post 0.14 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB grew its holdings in JD.Com by 6.2% during the second quarter. Xact Kapitalforvaltning AB now owns 115,115 shares of the information services provider’s stock valued at $4,484,000 after purchasing an additional 6,700 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in JD.Com by 69.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,347 shares of the information services provider’s stock valued at $130,000 after purchasing an additional 1,375 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in JD.Com during the second quarter valued at approximately $454,000. Creative Planning grew its holdings in JD.Com by 4.5% during the second quarter. Creative Planning now owns 36,065 shares of the information services provider’s stock valued at $1,405,000 after purchasing an additional 1,554 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in JD.Com by 606.5% during the second quarter. Janney Montgomery Scott LLC now owns 58,020 shares of the information services provider’s stock valued at $2,260,000 after purchasing an additional 49,808 shares during the last quarter. 48.72% of the stock is currently 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 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.

See Also: The Discount Rate – What You Need to Know

Analyst Recommendations for JD.Com (NASDAQ:JD)

Receive News & Ratings for JD.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.Com and related companies with MarketBeat.com's FREE daily email newsletter.