JD.com Inc. (NASDAQ:JD) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Thursday. They currently have a $30.83 price objective on the stock. Vetr‘s target price would indicate a potential upside of 10.38% from the company’s current price.
A number of other brokerages also recently weighed in on JD. MKM Partners downgraded shares of JD.com from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $32.00 to $27.00 in a research report on Tuesday, September 20th. JPMorgan Chase & Co. began coverage on shares of JD.com in a research report on Wednesday, August 31st. They set a “neutral” rating and a $29.00 price objective on the stock. Zacks Investment Research upgraded shares of JD.com from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. Piper Jaffray Cos. restated a “neutral” rating and set a $27.00 price objective on shares of JD.com in a research report on Saturday, August 13th. Finally, Jefferies Group increased their price objective on shares of JD.com from $31.60 to $32.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $31.44.
JD.com (NASDAQ:JD) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.32. The company had revenue of $9.80 billion for the quarter, compared to the consensus estimate of $9.81 billion. JD.com had a negative net margin of 4.29% and a negative return on equity of 24.15%. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) earnings per share.
Several institutional investors have recently modified their holdings of JD. Orbis Allan Gray Ltd acquired a new position in shares of JD.com during the first quarter worth approximately $679,415,000. Dodge & Cox boosted its position in JD.com by 299.6% in the first quarter. Dodge & Cox now owns 29,396,436 shares of the company’s stock worth $779,006,000 after buying an additional 22,040,700 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University purchased a new position in JD.com during the second quarter worth approximately $271,949,000. Generation Investment Management LLP boosted its position in JD.com by 914.4% in the second quarter. Generation Investment Management LLP now owns 11,204,969 shares of the company’s stock worth $237,881,000 after buying an additional 10,100,390 shares in the last quarter. Finally, Coronation Fund Managers Ltd. purchased a new position in JD.com during the second quarter worth approximately $211,808,000. 54.33% of the stock is owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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