Shares of JD.com, Inc. (NASDAQ:JD) reached a new 52-week high on Tuesday . The company traded as high as $48.12 and last traded at $48.15, with a volume of 15,725,301 shares. The stock had previously closed at $47.56.

Several brokerages have commented on JD. Nomura restated a “buy” rating and issued a $46.00 price objective on shares of JD.com in a report on Tuesday, May 9th. Benchmark Co. assumed coverage on shares of JD.com in a report on Tuesday, April 18th. They issued a “buy” rating and a $40.00 price objective for the company. Instinet reaffirmed a “buy” rating and set a $37.00 target price on shares of JD.com in a research note on Wednesday, May 10th. Vetr downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating and set a $36.18 target price for the company. in a research note on Monday, April 10th. Finally, Cowen and Company raised their target price on shares of JD.com from $30.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, May 9th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $37.33.

The company’s market capitalization is $68.35 billion.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Monday, May 8th. The information services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.13. JD.com had a negative net margin of 0.96% and a negative return on equity of 1.46%. The business had revenue of $76.20 billion for the quarter, compared to analyst estimates of $73.59 billion. During the same quarter in the prior year, the business posted ($0.15) EPS. JD.com’s revenue for the quarter was up 41.2% compared to the same quarter last year. On average, analysts predict that JD.com, Inc. will post $0.40 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its stake in JD.com by 1.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 81,264 shares of the information services provider’s stock worth $2,528,000 after buying an additional 1,508 shares during the last quarter. BP PLC raised its stake in JD.com by 18.0% in the first quarter. BP PLC now owns 464,046 shares of the information services provider’s stock valued at $14,436,000 after buying an additional 70,841 shares in the last quarter. Dai Ichi Life Insurance Company Ltd raised its stake in JD.com by 3.0% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 179,613 shares of the information services provider’s stock valued at $5,588,000 after buying an additional 5,299 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in JD.com by 49.4% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 76,200 shares of the information services provider’s stock valued at $3,004,000 after buying an additional 25,200 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its stake in JD.com by 5.0% in the first quarter. Sit Investment Associates Inc. now owns 10,475 shares of the information services provider’s stock valued at $326,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 49.20% of the company’s stock.

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About JD.com

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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