Stifel Nicolaus Reaffirms Hold Rating for JD.Com (NASDAQ:JD)

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Stifel Nicolaus reiterated their hold rating on shares of JD.Com (NASDAQ:JD) in a research report released on Tuesday morning, AnalystRatings.com reports. They currently have a $35.00 price objective on the information services provider’s stock.

“We are raising our estimates and taking our price target to $35. Revenue exceeds expectations: (+22.9% y/y) was above consensus expectations of ¥147.4B (+20.5% y/y). Net revenue from product sales increased +20.8% y/ y, while net revenue from services and others increased +42.0% y/y, versus our +19.1% and +44.7% estimates, respectively. Consumer electronics and appliance sales remained healthy increasing 15% y/y in the quarter (following a 14% increase last quarter). General merchandise increased 34% y/y, led by FMCG. Revenue compares against the the prior year which likely benefited sales growth over the summer, in our view. Annual active customers increased 11mm sequentially (up 3% q/q).”,” Stifel Nicolaus’ analyst wrote.

Several other research analysts also recently commented on the stock. Jefferies Financial Group started coverage on shares of JD.Com in a research report on Monday, August 5th. They set a buy rating and a $36.50 price objective for the company. Morgan Stanley boosted their target price on shares of JD.Com from $25.00 to $28.00 and gave the stock an in-line rating in a research note on Monday, April 15th. Loop Capital started coverage on shares of JD.Com in a research note on Monday, June 3rd. They set a buy rating on the stock. TheStreet raised shares of JD.Com from a d+ rating to a c rating in a research note on Friday, May 10th. Finally, Zacks Investment Research raised shares of JD.Com from a hold rating to a buy rating and set a $35.00 target price on the stock in a research note on Thursday, July 4th. Eleven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $32.82.

Shares of JD opened at $30.66 on Tuesday. JD.Com has a one year low of $19.21 and a one year high of $34.59. The firm has a market capitalization of $34.37 billion, a P/E ratio of -1,022.00 and a beta of 1.42. The company has a current ratio of 0.83, a quick ratio of 0.49 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average price is $30.01.

JD.Com (NASDAQ:JD) last announced its quarterly earnings data on Tuesday, August 13th. The information services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $0.05 by $2.25. JD.Com had a net margin of 0.69% and a return on equity of 0.46%. The business had revenue of $150.28 billion during the quarter, compared to the consensus estimate of $147.44 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue was up 22.9% on a year-over-year basis. Equities analysts expect that JD.Com will post 0.54 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the stock. Asset Management One Co. Ltd. raised its holdings in shares of JD.Com by 24.1% during the second quarter. Asset Management One Co. Ltd. now owns 242,168 shares of the information services provider’s stock valued at $7,335,000 after purchasing an additional 46,953 shares during the period. Plancorp LLC acquired a new position in shares of JD.Com during the second quarter valued at about $212,000. King Street Capital Management L.P. acquired a new position in shares of JD.Com during the second quarter valued at about $17,417,000. Tower Research Capital LLC TRC raised its holdings in shares of JD.Com by 15.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,664 shares of the information services provider’s stock valued at $202,000 after purchasing an additional 916 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of JD.Com by 7.2% during the second quarter. BlackRock Inc. now owns 42,098,667 shares of the information services provider’s stock valued at $1,275,167,000 after purchasing an additional 2,832,447 shares during the period. 48.93% of the stock is currently owned by institutional investors.

JD.Com Company Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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