JD.com, Inc. (NASDAQ:JD)‘s stock had its “buy” rating reissued by investment analysts at Bank of America Corporation in a report released on Wednesday. They presently have a $53.00 price objective on the information services provider’s stock, up from their previous price objective of $46.00. Bank of America Corporation’s target price would indicate a potential upside of 10.79% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Nomura reaffirmed a “buy” rating and issued a $46.00 target price on shares of JD.com in a report on Tuesday, May 9th. Benchmark Co. began coverage on shares of JD.com in a report on Tuesday, April 18th. They issued a “buy” rating and a $40.00 target price for the company. Instinet reaffirmed a “buy” rating and issued a $37.00 target price on shares of JD.com in a report on Wednesday, May 10th. Cowen and Company upped their target price on shares of JD.com from $30.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, May 9th. Finally, Vetr downgraded shares of JD.com from a “buy” rating to a “hold” rating and set a $41.67 target price for the company. in a report on Monday, May 22nd. Five 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 currently has an average rating of “Buy” and a consensus price target of $38.63.

Shares of JD.com (JD) traded down 0.64% during midday trading on Wednesday, hitting $47.84. The company had a trading volume of 10,069,785 shares. JD.com has a 1-year low of $21.29 and a 1-year high of $47.88. The stock’s market cap is $67.91 billion.

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

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Several hedge funds have recently made changes to their positions in JD. BlackRock Inc. boosted its stake in shares of JD.com by 4,150.5% in the first quarter. BlackRock Inc. now owns 30,769,880 shares of the information services provider’s stock valued at $957,254,000 after buying an additional 30,045,963 shares in the last quarter. FMR LLC boosted its stake in shares of JD.com by 120.5% in the first quarter. FMR LLC now owns 42,279,006 shares of the information services provider’s stock valued at $1,315,300,000 after buying an additional 23,104,318 shares in the last quarter. Tybourne Capital Management HK Ltd. boosted its stake in shares of JD.com by 81.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 15,161,669 shares of the information services provider’s stock valued at $471,680,000 after buying an additional 6,797,369 shares in the last quarter. FIL Ltd boosted its stake in shares of JD.com by 276.4% in the first quarter. FIL Ltd now owns 7,243,232 shares of the information services provider’s stock valued at $225,337,000 after buying an additional 5,318,877 shares in the last quarter. Finally, OZ Management LP boosted its stake in shares of JD.com by 25.8% in the first quarter. OZ Management LP now owns 15,906,625 shares of the information services provider’s stock valued at $494,855,000 after buying an additional 3,263,730 shares in the last quarter. Hedge funds and other institutional investors own 49.20% of the company’s stock.

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.

Analyst Recommendations for JD.com (NASDAQ:JD)

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