JD.Com (JD) Trading Down 1.2% on Analyst Downgrade
JD.Com Inc (NASDAQ:JD) shares were down 1.2% on Tuesday after MKM Partners lowered their price target on the stock to $41.00. MKM Partners currently has a buy rating on the stock. JD.Com traded as low as $24.38 and last traded at $24.51. Approximately 770,670 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 23,378,970 shares. The stock had previously closed at $24.80.
A number of other research analysts have also commented on JD. BidaskClub upgraded shares of JD.Com from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 6th. ValuEngine upgraded shares of JD.Com from a “sell” rating to a “hold” rating in a research report on Wednesday, June 6th. BNP Paribas started coverage on shares of JD.Com in a research report on Thursday, June 14th. They set a “hold” rating for the company. Wells Fargo & Co restated a “buy” rating and set a $53.00 price target on shares of JD.Com in a research report on Tuesday, June 19th. Finally, KeyCorp upgraded shares of JD.Com to a “buy” rating and set a $51.00 price target for the company in a research report on Monday, July 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. JD.Com has an average rating of “Hold” and a consensus price target of $40.59.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Neuburgh Advisers LLC bought a new stake in shares of JD.Com during the 2nd quarter worth $102,000. Legacy Advisors LLC lifted its holdings in shares of JD.Com by 200.0% during the 2nd quarter. Legacy Advisors LLC now owns 3,000 shares of the information services provider’s stock worth $117,000 after acquiring an additional 2,000 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of JD.Com by 69.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,347 shares of the information services provider’s stock worth $130,000 after acquiring an additional 1,375 shares during the last quarter. Glen Harbor Capital Management LLC bought a new stake in shares of JD.Com during the 2nd quarter worth $140,000. Finally, Point72 Asia Hong Kong Ltd bought a new stake in shares of JD.Com during the 1st quarter worth $165,000. 51.17% of the stock is owned by institutional investors.
JD.Com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.35. The company had revenue of $122.30 billion during the quarter, compared to the consensus estimate of $122.78 billion. JD.Com had a negative net margin of 0.12% and a negative return on equity of 0.94%. The firm’s revenue was up 31.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. equities analysts predict that JD.Com Inc will post 0.29 EPS for the current year.
JD.Com Company Profile (NASDAQ:JD)
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.
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