JD.com (NASDAQ:JD – Get Free Report) was downgraded by research analysts at Arete Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, MarketBeat.com reports. They currently have a $30.00 target price on the information services provider’s stock. Arete Research’s target price would suggest a potential upside of 8.38% from the company’s current price.
Several other research analysts have also commented on the company. Benchmark reissued a “buy” rating on shares of JD.com in a report on Friday, August 14th. Mizuho set a $39.00 price target on shares of JD.com in a research note on Friday, August 14th. Zacks Research cut shares of JD.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Barclays decreased their price target on shares of JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Finally, Daiwa Securities Group reaffirmed a “hold” rating and set a $27.00 price objective on shares of JD.com in a report on Tuesday, June 23rd. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.25.
Check Out Our Latest Analysis on JD
JD.com Stock Down 2.1%
Shares of NASDAQ:JD opened at $27.68 on Monday. The firm has a fifty day moving average price of $29.60 and a two-hundred day moving average price of $29.12. The company has a market cap of $34.55 billion, a price-to-earnings ratio of 19.22 and a beta of 0.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.14 and a quick ratio of 0.82. JD.com has a one year low of $24.51 and a one year high of $36.86.
JD.com (NASDAQ:JD – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $50.99 billion for the quarter, compared to the consensus estimate of $50.38 billion. JD.com had a return on equity of 6.78% and a net margin of 1.13%.The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.97 earnings per share. Analysts anticipate that JD.com will post 2.83 EPS for the current fiscal year.
Institutional Trading of JD.com
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of JD.com during the fourth quarter worth approximately $270,000. Empowered Funds LLC grew its holdings in shares of JD.com by 35.5% during the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock valued at $800,000 after purchasing an additional 5,099 shares during the last quarter. Focus Partners Wealth raised its position in JD.com by 36.5% in the 1st quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock worth $1,184,000 after purchasing an additional 7,701 shares during the period. First Trust Advisors LP lifted its stake in JD.com by 26.2% in the second quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock worth $4,461,000 after purchasing an additional 28,339 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in JD.com by 22.4% in the second quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock worth $2,147,000 after purchasing an additional 12,053 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.
About JD.com
JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.
A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.
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