JD.Com Inc (NASDAQ:JD) – Analysts at KeyCorp dropped their FY2017 earnings per share estimates for JD.Com in a research note issued to investors on Monday. KeyCorp analyst H. Chung now forecasts that the information services provider will post earnings per share of $0.06 for the year, down from their prior estimate of $0.11. KeyCorp has a “Buy” rating and a $56.00 price objective on the stock. KeyCorp also issued estimates for JD.Com’s Q4 2017 earnings at ($0.05) EPS, Q1 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.43 EPS and FY2019 earnings at $1.03 EPS.
JD has been the subject of several other reports. Vetr raised JD.Com from a “hold” rating to a “buy” rating and set a $51.92 target price for the company in a report on Tuesday, January 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $47.00 target price (up from $40.00) on shares of JD.Com in a report on Wednesday, January 31st. Zacks Investment Research downgraded JD.Com from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. BidaskClub raised JD.Com from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, Wells Fargo & Co boosted their target price on JD.Com from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. JD.Com presently has an average rating of “Buy” and an average target price of $48.70.
Institutional investors and hedge funds have recently bought and sold shares of the business. Rovida Advisors Inc. purchased a new stake in JD.Com during the 3rd quarter valued at approximately $43,403,000. Russell Investments Group Ltd. raised its stake in JD.Com by 38.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,297,335 shares of the information services provider’s stock valued at $87,748,000 after acquiring an additional 637,176 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in JD.Com by 26.8% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 143,610 shares of the information services provider’s stock valued at $5,486,000 after acquiring an additional 30,310 shares during the last quarter. Ameriprise Financial Inc. raised its stake in JD.Com by 14.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,742,240 shares of the information services provider’s stock valued at $104,753,000 after acquiring an additional 346,154 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in JD.Com by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 47,332 shares of the information services provider’s stock valued at $1,960,000 after acquiring an additional 1,932 shares during the last quarter. 44.78% of the stock is owned by hedge funds and other institutional investors.
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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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