JD.com (NASDAQ:JD) Rating Lowered to Hold at Zacks Research

Key Points

• Zacks Research downgraded JD.com from “strong buy” to “hold,” though the broader analyst consensus remains “Moderate Buy,” with an average price target of $36.42.
• JD.com reported quarterly earnings of $0.92 per share, exceeding estimates of $0.86, while revenue of $50.99 billion also topped expectations.
• JD.com shares opened at $31.61, up from their 50-day and 200-day moving averages, with institutional investors owning approximately 15.98% of the stock.

JD.com (NASDAQ:JD - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. Weiss Ratings upgraded shares of JD.com from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, July 13th. Morgan Stanley upped their target price on shares of JD.com from $25.00 to $27.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 13th. Arete Research set a $37.00 target price on shares of JD.com in a research report on Friday, April 17th. Susquehanna upped their target price on shares of JD.com from $30.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Finally, Sanford C. Bernstein raised their price objective on shares of JD.com from $36.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.42.

JD.com Stock Down 1.0%

Shares of JD.com stock opened at $31.61 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87. The firm has a market cap of $39.46 billion, a price-to-earnings ratio of 24.70 and a beta of 0.38. The stock has a 50-day simple moving average of $29.12 and a 200-day simple moving average of $29.06. JD.com has a 52-week low of $24.51 and a 52-week high of $36.86.

JD.com (NASDAQ:JD - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.06. JD.com had a return on equity of 5.90% and a net margin of 1.04%.The company had revenue of $50.99 billion during the quarter, compared to the consensus estimate of $50.38 billion. On average, equities research analysts expect that JD.com will post 2.78 earnings per share for the current fiscal year.

Institutional Trading of JD.com

Several large investors have recently made changes to their positions in JD. Brighton Jones LLC acquired a new stake in shares of JD.com in the 4th quarter worth about $270,000. Empowered Funds LLC lifted its holdings in JD.com by 35.5% during the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider's stock worth $800,000 after purchasing an additional 5,099 shares in the last quarter. Focus Partners Wealth boosted its holdings in JD.com by 36.5% in the 1st quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider's stock valued at $1,184,000 after purchasing an additional 7,701 shares during the period. First Trust Advisors LP boosted its position in shares of JD.com by 26.2% during the 2nd quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider's stock valued at $4,461,000 after acquiring an additional 28,339 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in JD.com by 22.4% in the second quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider's stock worth $2,147,000 after acquiring an additional 12,053 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com's business model is its integrated logistics and fulfillment network.

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