JD.Com’s (JD) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of JD.Com (NASDAQ:JD) in a report issued on Tuesday morning, AnalystRatings.com reports. They currently have a $35.00 price objective on the information services provider’s stock.

“We are raising our estimates and taking our price target to $35. Revenue exceeds expectations: (+22.9% y/y) was above consensus expectations of ¥147.4B (+20.5% y/y). Net revenue from product sales increased +20.8% y/ y, while net revenue from services and others increased +42.0% y/y, versus our +19.1% and +44.7% estimates, respectively. Consumer electronics and appliance sales remained healthy increasing 15% y/y in the quarter (following a 14% increase last quarter). General merchandise increased 34% y/y, led by FMCG. Revenue compares against the the prior year which likely benefited sales growth over the summer, in our view. Annual active customers increased 11mm sequentially (up 3% q/q).”,” Stifel Nicolaus’ analyst wrote.

A number of other analysts have also commented on the company. TheStreet raised JD.Com from a d+ rating to a c rating in a research note on Friday, May 10th. Credit Suisse Group restated an outperform rating on shares of JD.Com in a report on Wednesday, July 17th. Morgan Stanley raised their price objective on JD.Com from $25.00 to $28.00 and gave the stock an in-line rating in a report on Monday, April 15th. Loop Capital initiated coverage on JD.Com in a report on Monday, June 3rd. They issued a buy rating on the stock. Finally, China International Capital upgraded JD.Com to a buy rating in a report on Monday, May 13th. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $32.82.

Shares of NASDAQ:JD opened at $30.66 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.49. The stock has a market capitalization of $34.37 billion, a price-to-earnings ratio of -1,022.00 and a beta of 1.42. The stock’s 50-day simple moving average is $30.01. JD.Com has a 1 year low of $19.21 and a 1 year high of $34.59.

JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Tuesday, August 13th. The information services provider reported $2.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $2.25. The firm had revenue of $150.28 billion during the quarter, compared to the consensus estimate of $147.44 billion. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share. As a group, equities analysts forecast that JD.Com will post 0.54 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of JD. Principal Financial Group Inc. grew its holdings in JD.Com by 35.2% during the fourth quarter. Principal Financial Group Inc. now owns 35,044 shares of the information services provider’s stock worth $733,000 after purchasing an additional 9,119 shares during the period. Dimensional Fund Advisors LP lifted its position in JD.Com by 20.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,307,943 shares of the information services provider’s stock worth $27,484,000 after acquiring an additional 222,161 shares during the last quarter. DNB Asset Management AS acquired a new stake in JD.Com during the first quarter worth approximately $304,000. FNY Investment Advisers LLC lifted its position in JD.Com by 669.2% during the first quarter. FNY Investment Advisers LLC now owns 10,000 shares of the information services provider’s stock worth $301,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in JD.Com during the first quarter worth approximately $265,000. Hedge funds and other institutional investors own 48.93% 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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