Highlights

  • Arete lowers JD.com rating from buy to neutral in latest research note.
  • Several brokerages revise ratings and targets across recent assessments.
  • Institutional investors adjust positions in JD.com during the third quarter.

JD.com, Inc. (NASDAQ:JD) was downgraded by Arete from a “buy” to a “neutral” rating in a research report released on Tuesday. Arete assigned a target price of USD 32.00 for the information services provider’s shares.

Several firms have issued updated views on JD.com. Wall Street Zen moved from “hold” to “sell” on 22 November. Sanford C. Bernstein reaffirmed an “outperform” rating and set a USD 38.00 objective. Weiss Ratings maintained a “hold (c-)” rating, while Susquehanna reiterated a “neutral” view. According to MarketBeat, one analyst has issued a Strong Buy rating, nine have issued Buy ratings, six have given Hold ratings, and one has assigned a Sell rating. The consensus rating is “Moderate Buy,” with an average target of USD 39.14.

JD.com posted quarterly earnings on 13 November. The company reported earnings per share of USD 0.52, ahead of analyst expectations of USD 0.44. Revenue for the quarter reached USD 41.98 billion, compared with expectations of USD 40.87 billion. Net margin stood at 2.46%, and return on equity at 10.99%. Revenue grew 14.9% year over year. In the same quarter a year earlier, the company posted USD 8.68 earnings per share. Analysts currently project full-year earnings of USD 3.91 per share.

Institutional investors also adjusted positions. Saranac Partners Ltd opened a new stake valued at around USD 120,000. Allworth Financial LP increased its holding by 35.2% to 1,830 shares. Coldstream Capital Management Inc. raised its position by 69.8% to 17,796 shares. Marathon Asset Management LP initiated a stake of USD 1,749,000, while Morningstar Investment Management LLC added a new position worth USD 5,974,000. Institutional and hedge-fund ownership stands at 15.98%.

JD.com operates as a supply-chain-driven technology and services provider offering electronics, home appliances and a wide range of general merchandise products in China.