JD.Com (JD) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of JD.Com (NASDAQ:JD) from a hold rating to a sell rating in a research report sent to investors on Tuesday, January 16th.

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 equities analysts also recently weighed in on JD. Vetr downgraded shares of JD.Com from a strong-buy rating to a buy rating and set a $44.44 price target on the stock. in a research note on Thursday, September 28th. BidaskClub downgraded shares of JD.Com from a hold rating to a sell rating in a research report on Thursday, September 28th. Wells Fargo & Co assumed coverage on shares of JD.Com in a research report on Tuesday, September 26th. They set an outperform rating and a $50.00 target price on the stock. MKM Partners reissued a buy rating and set a $51.00 target price on shares of JD.Com in a research report on Monday, October 2nd. Finally, KeyCorp set a $51.00 target price on shares of JD.Com and gave the stock a buy rating in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $48.52.

Shares of JD.Com (NASDAQ JD) traded up $0.68 during trading hours on Tuesday, reaching $42.93. 18,336,748 shares of the company’s stock traded hands, compared to its average volume of 14,400,000. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12. JD.Com has a 52 week low of $29.01 and a 52 week high of $50.68. The firm has a market cap of $61,130.00, a P/E ratio of -613.29 and a beta of 1.52.

JD.Com (NASDAQ:JD) last announced its earnings results on Monday, November 13th. The information services provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.12. JD.Com had a negative net margin of 0.29% and a positive return on equity of 0.83%. analysts expect that JD.Com will post 0.07 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. FIL Ltd increased its holdings in shares of JD.Com by 36.1% during the second quarter. FIL Ltd now owns 9,860,118 shares of the information services provider’s stock worth $386,713,000 after buying an additional 2,616,886 shares in the last quarter. GQG Partners LLC acquired a new stake in shares of JD.Com during the second quarter worth approximately $85,822,000. Kontiki Capital Management HK Ltd. acquired a new stake in shares of JD.Com during the fourth quarter worth approximately $70,878,000. Hermes Investment Management Ltd. increased its holdings in shares of JD.Com by 40.2% during the fourth quarter. Hermes Investment Management Ltd. now owns 5,631,786 shares of the information services provider’s stock worth $233,269,000 after buying an additional 1,614,942 shares in the last quarter. Finally, Barings LLC acquired a new stake in shares of JD.Com during the fourth quarter worth approximately $51,595,000. 44.31% of the stock is owned by hedge funds and other institutional investors.

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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.

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