Other analysts have also recently issued reports about the company. Stifel Nicolaus reaffirmed a hold rating and issued a $35.00 price target on shares of JD.Com in a research note on Tuesday, August 13th. Jefferies Financial Group began coverage on JD.Com in a research note on Monday, August 5th. They issued a buy rating and a $36.50 price target for the company. Citigroup reaffirmed a buy rating and issued a $43.00 price target (up from $41.00) on shares of JD.Com in a research note on Wednesday, August 14th. Credit Suisse Group reaffirmed an outperform rating on shares of JD.Com in a research note on Wednesday, July 17th. Finally, Mizuho upped their price target on JD.Com from $28.00 to $31.00 and gave the company a neutral rating in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $33.40.
JD.Com stock traded up $1.13 during trading hours on Wednesday, reaching $29.71. 16,959,220 shares of the company’s stock traded hands, compared to its average volume of 10,989,934. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 0.91. JD.Com has a fifty-two week low of $19.21 and a fifty-two week high of $32.38. The firm has a market capitalization of $41.40 billion, a price-to-earnings ratio of -990.33 and a beta of 1.31. The firm’s 50 day moving average is $29.87 and its 200-day moving average is $29.42.
JD.Com (NASDAQ:JD) last released its earnings results on Tuesday, August 13th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.18. JD.Com had a net margin of 1.23% and a return on equity of 7.72%. The company had revenue of $150.28 billion for the quarter, compared to the consensus estimate of $147.44 billion. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue was up 22.9% compared to the same quarter last year. Analysts predict that JD.Com will post 0.77 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its position in JD.Com by 7.5% during the 3rd quarter. Pacer Advisors Inc. now owns 61,867 shares of the information services provider’s stock worth $1,745,000 after acquiring an additional 4,290 shares during the last quarter. Hillman Co. acquired a new position in JD.Com during the 3rd quarter worth approximately $90,000. Hexavest Inc. boosted its position in JD.Com by 12.1% during the 3rd quarter. Hexavest Inc. now owns 71,054 shares of the information services provider’s stock worth $2,004,000 after acquiring an additional 7,693 shares during the last quarter. North Star Investment Management Corp. acquired a new position in JD.Com during the 3rd quarter worth approximately $113,000. Finally, Macquarie Group Ltd. boosted its position in JD.Com by 1.8% during the 2nd quarter. Macquarie Group Ltd. now owns 4,414,876 shares of the information services provider’s stock worth $133,726,000 after acquiring an additional 77,697 shares during the last quarter. 40.12% of the stock is owned by hedge funds and other institutional investors.
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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