JD.Com (JD) Downgraded to Strong Sell at BidaskClub

BidaskClub downgraded shares of JD.Com (NASDAQ:JD) from a sell rating to a strong sell rating in a research note issued to investors on Thursday morning.

JD has been the topic of a number of other research reports. Zacks Investment Research cut shares of JD.Com from a hold rating to a strong sell rating in a report on Saturday, November 3rd. UBS Group lowered their price target on shares of JD.Com from $45.00 to $38.00 and set a buy rating on the stock in a report on Friday, August 17th. Morgan Stanley reaffirmed a hold rating and issued a $25.00 price target on shares of JD.Com in a report on Monday, September 17th. KeyCorp lowered their price target on shares of JD.Com from $51.00 to $43.00 and set a buy rating on the stock in a report on Friday, August 17th. Finally, ValuEngine cut shares of JD.Com from a hold rating to a sell rating in a report on Thursday, July 19th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $38.89.

Shares of NASDAQ JD traded down $0.70 during midday trading on Thursday, reaching $21.70. The company’s stock had a trading volume of 17,530,789 shares, compared to its average volume of 15,573,294. JD.Com has a 12-month low of $21.58 and a 12-month high of $50.68. The company has a market capitalization of $28.41 billion, a PE ratio of 2,170.00 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.

JD.Com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 16th. The information services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.35. The company had revenue of $122.30 billion for the quarter, compared to analysts’ expectations of $122.78 billion. JD.Com had a negative net margin of 0.12% and a negative return on equity of 0.96%. JD.Com’s revenue was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. As a group, research analysts expect that JD.Com will post 0.14 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of JD. Rovida Advisors Inc. increased its holdings in shares of JD.Com by 11.2% in the third quarter. Rovida Advisors Inc. now owns 1,561,200 shares of the information services provider’s stock worth $40,732,000 after purchasing an additional 157,000 shares during the period. Rafferty Asset Management LLC increased its holdings in shares of JD.Com by 92.0% in the third quarter. Rafferty Asset Management LLC now owns 75,049 shares of the information services provider’s stock worth $1,958,000 after purchasing an additional 35,957 shares during the period. American International Group Inc. increased its holdings in shares of JD.Com by 22.1% in the third quarter. American International Group Inc. now owns 64,324 shares of the information services provider’s stock worth $1,678,000 after purchasing an additional 11,639 shares during the period. BlackRock Inc. increased its holdings in shares of JD.Com by 2.6% in the third quarter. BlackRock Inc. now owns 32,549,805 shares of the information services provider’s stock worth $849,223,000 after purchasing an additional 839,321 shares during the period. Finally, Kontiki Capital Management HK Ltd. increased its holdings in shares of JD.Com by 42.2% in the third quarter. Kontiki Capital Management HK Ltd. now owns 2,326,705 shares of the information services provider’s stock worth $60,704,000 after purchasing an additional 690,900 shares during the period. 50.90% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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