Several other research analysts have also weighed in on the stock. Credit Suisse Group reiterated an outperform rating on shares of JD.Com in a research note on Wednesday, July 17th. Jefferies Financial Group started coverage on shares of JD.Com in a research note on Monday, August 5th. They issued a buy rating and a $36.50 price objective on the stock. Citigroup reiterated a buy rating and issued a $43.00 price objective (up previously from $41.00) on shares of JD.Com in a research note on Wednesday, August 14th. CICC Research upgraded shares of JD.Com from a hold rating to a buy rating and set a $27.66 price objective on the stock in a research note on Monday, May 13th. Finally, JPMorgan Chase & Co. upgraded shares of JD.Com from a neutral rating to an overweight rating and set a $30.55 price objective on the stock in a research note on Tuesday, April 30th. Eleven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $32.82.
JD.Com stock opened at $28.77 on Wednesday. The firm has a market cap of $37.01 billion, a PE ratio of 62.74 and a beta of 1.42. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 0.91. The firm’s 50 day moving average price is $30.04 and its two-hundred day moving average price is $28.59. JD.Com has a twelve month low of $19.21 and a twelve month high of $32.99.
JD.Com (NASDAQ:JD) last released its quarterly earnings data on Tuesday, August 13th. The information services provider reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.18. The firm had revenue of $150.28 billion for the quarter, compared to analyst estimates of $147.44 billion. JD.Com had a net margin of 1.23% and a return on equity of 7.72%. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. Equities analysts anticipate that JD.Com will post 0.77 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. NEXT Financial Group Inc acquired a new position in JD.Com in the 2nd quarter valued at $25,000. CWM LLC acquired a new position in JD.Com in the 2nd quarter valued at $26,000. WealthStone Inc. acquired a new position in JD.Com in the 2nd quarter valued at $28,000. Ropes Wealth Advisors LLC bought a new stake in JD.Com in the 2nd quarter valued at $30,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in JD.Com in the 1st quarter valued at $51,000. Institutional investors own 47.99% of the company’s stock.
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.
Recommended Story: What is included in the gross domestic product?
Receive News & Ratings for JD.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.Com and related companies with MarketBeat.com's FREE daily email newsletter.