Zacks Investment Research Downgrades JD.Com (JD) to Hold
JD.Com (NASDAQ:JD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “JD.com, Inc. operates as an online direct sales company in China. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China. “
A number of other analysts also recently weighed in on JD. CLSA downgraded JD.Com from an “outperform” rating to an “underperform” rating and set a $29.00 target price for the company. in a research report on Thursday, September 20th. ValuEngine downgraded JD.Com from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Morgan Stanley restated a “hold” rating and issued a $25.00 target price on shares of JD.Com in a research report on Monday, September 17th. MKM Partners dropped their target price on JD.Com to $41.00 and set a “buy” rating for the company in a research report on Monday, September 24th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $39.00 target price on shares of JD.Com in a research report on Wednesday, September 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $39.16.
JD.Com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.35. The firm had revenue of $122.30 billion during the quarter, compared to the consensus estimate of $122.78 billion. JD.Com had a negative return on equity of 0.96% and a negative net margin of 0.12%. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the company posted $0.67 EPS. On average, equities analysts forecast that JD.Com will post 0.29 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in JD. Stifel Financial Corp grew its stake in JD.Com by 62.4% in the 1st quarter. Stifel Financial Corp now owns 55,336 shares of the information services provider’s stock worth $2,230,000 after acquiring an additional 21,268 shares during the period. The Manufacturers Life Insurance Company grew its stake in JD.Com by 5.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 164,200 shares of the information services provider’s stock worth $6,649,000 after acquiring an additional 8,291 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in JD.Com by 16.3% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,187 shares of the information services provider’s stock worth $535,000 after acquiring an additional 1,851 shares during the period. LPL Financial LLC grew its stake in JD.Com by 58.4% in the 1st quarter. LPL Financial LLC now owns 33,007 shares of the information services provider’s stock worth $1,336,000 after acquiring an additional 12,169 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in JD.Com by 98.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 33,070 shares of the information services provider’s stock worth $1,339,000 after acquiring an additional 16,392 shares during the period. Hedge funds and other institutional investors own 51.17% of the company’s stock.
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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