BidaskClub downgraded shares of JD.Com (NASDAQ:JD) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, BidAskClub reports.

A number of other equities analysts also recently commented on the stock. TheStreet downgraded shares of USD Partners from a b- rating to a c+ rating in a research note on Friday, May 10th. Morgan Stanley reduced their price objective on shares of Wells Fargo & Co from $55.00 to $51.00 and set an equal weight rating for the company in a research note on Monday, April 15th. China International Capital upgraded shares of JD.Com to a buy rating in a research note on Monday, May 13th. Nomura reduced their price objective on shares of Ralph Lauren from $129.00 to $123.00 and set a neutral rating for the company in a research note on Wednesday, May 15th. Finally, Loop Capital began coverage on shares of TENCENT HOLDING/ADR in a research note on Monday, June 3rd. They set a buy rating for the company. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $31.18.

JD stock traded down $0.20 during trading hours on Wednesday, reaching $30.51. 7,286,250 shares of the stock were exchanged, compared to its average volume of 16,229,395. The firm’s 50-day simple moving average is $28.28. The company has a market cap of $37.06 billion, a P/E ratio of -1,017.00 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.83. JD.Com has a 12 month low of $19.21 and a 12 month high of $38.77.

JD.Com (NASDAQ:JD) last released its earnings results on Friday, May 10th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.15. The firm had revenue of $121.08 billion during the quarter, compared to analysts’ expectations of $120.01 billion. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. The company’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Equities analysts expect that JD.Com will post 0.51 earnings per share for the current year.

A number of large investors have recently modified their holdings of JD. Hillhouse Capital Advisors Ltd. bought a new position in JD.Com in the 4th quarter valued at about $314,813,000. Thoroughbred Financial Services LLC bought a new position in JD.Com in the 4th quarter valued at about $335,000. LPL Financial LLC raised its holdings in JD.Com by 42.9% in the 4th quarter. LPL Financial LLC now owns 59,857 shares of the information services provider’s stock valued at $1,253,000 after acquiring an additional 17,959 shares during the period. Norges Bank bought a new position in JD.Com in the 4th quarter valued at about $199,040,000. Finally, Synovus Financial Corp raised its holdings in JD.Com by 50.5% in the 1st quarter. Synovus Financial Corp now owns 2,146 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 720 shares during the period. Institutional investors and hedge funds own 48.54% of the company’s stock.

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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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