JD.com Inc. (NASDAQ:JD) had its target price increased by stock analysts at SunTrust Banks Inc. to $31.00 in a note issued to investors on Monday. SunTrust Banks Inc.’s price objective suggests a potential upside of 14.69% from the company’s current price.
JD has been the topic of several other reports. Brean Capital reissued a “buy” rating on shares of JD.com in a research note on Wednesday, June 15th. MKM Partners set a $32.00 target price on shares of JD.com and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Vetr raised shares of JD.com from a “buy” rating to a “strong-buy” rating and set a $25.97 target price on the stock in a research note on Monday, July 25th. Bank of America Corp. increased their target price on shares of JD.com from $26.50 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, August 11th. Finally, Zacks Investment Research lowered shares of JD.com from a “hold” rating to a “sell” rating in a research note on Friday, June 24th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.42.
JD.com (NASDAQ:JD) opened at 27.03 on Monday. The stock has a 50 day moving average of $26.24 and a 200-day moving average of $24.36. JD.com has a 12 month low of $19.51 and a 12 month high of $33.48. The company’s market cap is $39.01 billion.
JD.com (NASDAQ:JD) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.32. JD.com had a negative net margin of 4.29% and a negative return on equity of 24.15%. The company had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.81 billion. During the same period in the prior year, the firm posted ($0.01) EPS. The company’s quarterly revenue was up 42.0% on a year-over-year basis. Equities research analysts expect that JD.com will post ($0.10) EPS for the current year.
Hedge funds have recently bought and sold shares of the company. KBC Group NV increased its stake in 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 period. Suntrust Banks Inc. increased its stake in 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 period. Rafferty Asset Management LLC increased its stake in JD.com by 1.5% in the second quarter. Rafferty Asset Management LLC now owns 29,200 shares of the company’s stock worth $620,000 after buying an additional 440 shares during the period. Allen Investment Management LLC increased its stake in JD.com by 2.2% in the first quarter. Allen Investment Management LLC now owns 42,422 shares of the company’s stock worth $1,124,000 after buying an additional 904 shares during the period. Finally, Advisors Capital Management LLC increased its stake in JD.com by 1.6% in the second quarter. Advisors Capital Management LLC now owns 62,797 shares of the company’s stock worth $1,333,000 after buying an additional 990 shares during the period. Institutional investors and hedge funds own 54.30% 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.
Receive News & Ratings for JD.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.