JD.com (NASDAQ:JD) Downgraded to "Buy" at StockNews.com

StockNews.com lowered shares of JD.com (NASDAQ:JD - Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday.

A number of other research firms also recently issued reports on JD. Mizuho boosted their target price on shares of JD.com from $33.00 to $40.00 and gave the company a buy rating in a report on Friday, May 17th. Benchmark restated a buy rating and issued a $55.00 target price on shares of JD.com in a report on Friday, May 17th. JPMorgan Chase & Co. boosted their target price on shares of JD.com from $25.00 to $28.00 and gave the company a hold rating in a report on Friday, April 5th. Bank of America boosted their target price on shares of JD.com from $38.00 to $43.00 and gave the company a buy rating in a report on Friday, May 17th. Finally, Sanford C. Bernstein boosted their target price on shares of JD.com from $28.00 to $35.00 and gave the company a market perform rating in a report on Friday, May 17th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, JD.com currently has an average rating of Moderate Buy and a consensus target price of $37.20.

JD.com Price Performance

NASDAQ:JD traded down $0.42 during mid-day trading on Friday, hitting $25.84. 11,558,148 shares of the company's stock traded hands, compared to its average volume of 9,074,481. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.88 and a current ratio of 1.15. The firm's 50 day simple moving average is $30.29 and its 200 day simple moving average is $27.01. JD.com has a 1 year low of $20.82 and a 1 year high of $41.95. The company has a market cap of $40.75 billion, a PE ratio of 11.80 and a beta of 0.46.

JD.com (NASDAQ:JD - Get Free Report) last posted its earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.17. The firm had revenue of $36.02 billion during the quarter, compared to the consensus estimate of $35.75 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. Sell-side analysts expect that JD.com will post 3.08 EPS for the current year.

Institutional Trading of JD.com

Several institutional investors have recently added to or reduced their stakes in JD. Nordea Investment Management AB grew its position in shares of JD.com by 10.8% during the fourth quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider's stock worth $12,734,000 after acquiring an additional 43,175 shares during the last quarter. FIL Ltd grew its position in shares of JD.com by 124.3% during the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider's stock worth $179,423,000 after acquiring an additional 3,441,605 shares during the last quarter. Contrarius Investment Management Ltd bought a new position in shares of JD.com during the fourth quarter worth about $9,384,000. Carmignac Gestion lifted its holdings in JD.com by 3.1% in the fourth quarter. Carmignac Gestion now owns 965,063 shares of the information services provider's stock worth $27,874,000 after purchasing an additional 29,159 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in JD.com by 234.0% in the fourth quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider's stock worth $3,063,000 after purchasing an additional 74,269 shares during the period. Institutional investors own 15.98% of the company's stock.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.