Stifel Nicolaus initiated coverage on shares of JD.com Inc. (NASDAQ:JD) in a research report report published on Thursday morning. The brokerage issued a buy rating and a $34.00 price target on the stock.
JD has been the topic of a number of other reports. Vetr upgraded JD.com from a hold rating to a strong-buy rating and set a $30.00 target price on the stock in a report on Wednesday, September 7th. JPMorgan Chase & Co. started coverage on JD.com in a report on Wednesday, August 31st. They issued a neutral rating and a $29.00 target price on the stock. SunTrust Banks Inc. increased their target price on JD.com from $27.00 to $31.00 and gave the stock a buy rating in a report on Monday, October 10th. Zacks Investment Research cut JD.com from a hold rating to a sell rating in a report on Friday, June 24th. Finally, Brean Capital reiterated a buy rating on shares of JD.com in a report on Wednesday, June 15th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $31.47.
JD.com (NASDAQ:JD) opened at 26.26 on Thursday. JD.com has a 52 week low of $19.51 and a 52 week high of $33.48. The stock has a 50 day moving average of $26.41 and a 200 day moving average of $24.34. The company’s market cap is $37.90 billion.
JD.com (NASDAQ:JD) last issued its earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.32. JD.com had a negative return on equity of 24.15% and a negative net margin of 4.29%. The company had revenue of $9.80 billion for the quarter, compared to analysts’ expectations of $9.81 billion. During the same period last year, the business earned ($0.01) EPS. JD.com’s quarterly revenue was up 42.0% compared to the same quarter last year. Equities research analysts predict that JD.com will post ($0.10) earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. Hillhouse Capital Management Ltd. raised its stake in shares of JD.com by 0.5% in the first quarter. Hillhouse Capital Management Ltd. now owns 123,207,731 shares of the company’s stock valued at $3,265,005,000 after buying an additional 599,139 shares in the last quarter. Dodge & Cox raised its stake in shares of JD.com by 33.8% in the second quarter. Dodge & Cox now owns 39,331,236 shares of the company’s stock valued at $835,002,000 after buying an additional 9,934,800 shares in the last quarter. Orbis Allan Gray Ltd acquired a new stake in shares of JD.com during the first quarter valued at about $679,415,000. Baillie Gifford & Co. raised its stake in shares of JD.com by 12.0% in the second quarter. Baillie Gifford & Co. now owns 22,127,731 shares of the company’s stock valued at $469,771,000 after buying an additional 2,378,483 shares in the last quarter. Finally, Board of Trustees of The Leland Stanford Junior University acquired a new stake in shares of JD.com during the second quarter valued at about $271,949,000. 54.64% of the stock is owned by hedge funds and other institutional investors.
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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