Shares of JD.com Inc. (NASDAQ:JD) have received a consensus recommendation of “Buy” from the twenty brokerages that are presently covering the firm. Ten analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $30.61.
Several research firms have commented on JD. Vetr cut JD.com from a “strong-buy” rating to a “buy” rating and set a $30.83 price target for the company. in a report on Thursday. MKM Partners cut JD.com from a “buy” rating to a “neutral” rating and lowered their price target for the company from $32.00 to $27.00 in a report on Tuesday, September 20th. JPMorgan Chase & Co. began coverage on JD.com in a report on Wednesday, August 31st. They issued a “neutral” rating and a $29.00 price target for the company. Zacks Investment Research upgraded JD.com from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $27.00 price target on shares of JD.com in a report on Saturday, August 13th.
Several institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. acquired a new position in shares of JD.com during the second quarter worth about $103,000. KBC Group NV raised its position in shares of JD.com by 3.4% in the second quarter. KBC Group NV now owns 8,016 shares of the company’s stock worth $170,000 after buying an additional 264 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of JD.com by 3.6% in the second quarter. Suntrust Banks Inc. now owns 10,466 shares of the company’s stock worth $221,000 after buying an additional 366 shares during the last quarter. Alpine Partners VI LLC acquired a new position in shares of JD.com during the first quarter worth about $229,000. Finally, Seven Bridges Advisors LLC acquired a new position in shares of JD.com during the second quarter worth about $234,000. 54.33% of the stock is currently owned by institutional investors.
JD.com (NASDAQ:JD) opened at 27.40 on Tuesday. The firm’s 50-day moving average is $26.19 and its 200 day moving average is $24.36. The stock’s market cap is $39.55 billion. JD.com has a 52 week low of $19.51 and a 52 week high of $33.48.
JD.com (NASDAQ:JD) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.32. The company earned $9.80 billion during the quarter, compared to analysts’ expectations of $9.81 billion. JD.com had a negative return on equity of 24.15% and a negative net margin of 4.29%. The firm’s revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. On average, equities research analysts expect that JD.com will post ($0.10) EPS for the current year.
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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