BidaskClub Downgrades JD.com, Inc. (JD) to Buy

BidaskClub cut shares of JD.com, Inc. (NASDAQ:JD) from a strong-buy rating to a buy rating in a research report released on Tuesday.

JD has been the subject of several other reports. Zacks Investment Research lowered shares of JD.com from a strong-buy rating to a hold rating in a report on Wednesday, July 12th. Vetr raised shares of JD.com from a hold rating to a buy rating and set a $42.50 target price for the company in a report on Tuesday, May 23rd. Instinet reissued a buy rating on shares of JD.com in a report on Saturday, July 22nd. Nomura reissued a buy rating and issued a $46.00 target price on shares of JD.com in a report on Tuesday, May 9th. Finally, Goldman Sachs Group, Inc. (The) increased their target price on shares of JD.com from $38.00 to $47.00 and gave the stock a buy rating in a report on Tuesday, May 9th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $42.24.

Shares of JD.com (JD) opened at 40.13 on Tuesday. JD.com has a 12-month low of $23.38 and a 12-month high of $48.99.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The firm had revenue of $93.20 billion during the quarter, compared to analyst estimates of $89.35 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 43.6% compared to the same quarter last year. Equities analysts anticipate that JD.com will post $0.44 EPS for the current year.

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A number of hedge funds have recently modified their holdings of JD. Nomura Holdings Inc. increased its stake in shares of JD.com by 8.4% in the second quarter. Nomura Holdings Inc. now owns 95,857 shares of the information services provider’s stock worth $3,762,000 after buying an additional 7,458 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of JD.com by 897.3% in the second quarter. Tower Research Capital LLC TRC now owns 14,531 shares of the information services provider’s stock worth $570,000 after buying an additional 13,074 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of JD.com by 16.4% in the second quarter. The Manufacturers Life Insurance Company now owns 116,623 shares of the information services provider’s stock worth $4,574,000 after buying an additional 16,401 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of JD.com by 43.5% in the second quarter. Cubist Systematic Strategies LLC now owns 47,081 shares of the information services provider’s stock worth $1,847,000 after buying an additional 14,277 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of JD.com during the second quarter worth about $1,371,000. Institutional investors own 48.97% of the company’s stock.

JD.com Company Profile

JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.

Analyst Recommendations for JD.com (NASDAQ:JD)

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