Shares of JD.com, Inc. (NASDAQ:JD) have been given a consensus rating of “Buy” by the twenty-two analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $44.41.
Several brokerages have recently commented on JD. BidaskClub lowered JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 15th. Instinet reissued a “buy” rating and set a $55.00 price target (up previously from $46.00) on shares of JD.com in a research note on Tuesday, August 15th. Vetr lowered 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. Bank of America Corporation reissued a “buy” rating and set a $53.00 price target (up previously from $46.00) on shares of JD.com in a research note on Wednesday, August 9th. Finally, UBS AG reissued a “neutral” rating and set a $41.00 price target on shares of JD.com in a research note on Monday, August 14th.
Shares of JD.com (NASDAQ JD) traded up $0.38 on Wednesday, reaching $38.80. The company’s stock had a trading volume of 6,879,690 shares, compared to its average volume of 16,720,000. JD.com has a 12 month low of $23.38 and a 12 month high of $48.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 1.20.
JD.com (NASDAQ:JD) last announced its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The business had revenue of $93.20 billion for the quarter, compared to analyst estimates of $89.35 billion. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The company’s quarterly revenue was up 43.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 EPS. analysts expect that JD.com will post -0.04 EPS for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. purchased a new stake in shares of JD.com during the 3rd quarter valued at $101,000. Highstreet Asset Management Inc. purchased a new stake in shares of JD.com during the 2nd quarter valued at $127,000. IFP Advisors Inc grew its stake in shares of JD.com by 585.2% during the 2nd quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after buying an additional 4,184 shares during the period. Suntrust Banks Inc. purchased a new stake in shares of JD.com during the 2nd quarter valued at $207,000. Finally, Bfsg LLC purchased a new stake in shares of JD.com during the 2nd quarter valued at $222,000. Institutional investors own 46.44% 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.
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