JD.com, Inc. (JD) Lifted to “Hold” at BidaskClub
JD.com, Inc. (NASDAQ:JD) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
Several other research firms have also commented on JD. Bank of America Corporation reaffirmed a “buy” rating and set a $53.00 target price (up previously from $46.00) on shares of JD.com in a report on Wednesday, August 9th. Vetr raised shares of JD.com from a “hold” rating to a “buy” rating and set a $45.83 target price on the stock in a report on Friday, September 22nd. UBS AG reaffirmed a “neutral” rating and set a $41.00 target price on shares of JD.com in a report on Monday, August 14th. J P Morgan Chase & Co increased their target price on shares of JD.com to $55.00 and gave the company a “positive” rating in a report on Tuesday, August 15th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and set a $49.00 target price on shares of JD.com in a report on Tuesday, August 15th. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.23.
Shares of JD.com (NASDAQ JD) opened at $39.96 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. JD.com has a 52-week low of $23.38 and a 52-week high of $48.99.
JD.com (NASDAQ:JD) last posted its quarterly earnings data on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The firm had revenue of $93.20 billion for the quarter, compared to analysts’ expectations of $89.35 billion. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The business’s quarterly revenue was up 43.6% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. equities analysts forecast that JD.com will post -0.04 earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the business. Hosking Partners LLP grew its holdings in JD.com by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 1,081,565 shares of the information services provider’s stock worth $42,419,000 after acquiring an additional 17,356 shares during the last quarter. BlackRock Inc. grew its holdings in JD.com by 0.8% in the 2nd quarter. BlackRock Inc. now owns 31,030,874 shares of the information services provider’s stock worth $1,217,028,000 after acquiring an additional 260,994 shares during the last quarter. Vanguard Group Inc. grew its holdings in JD.com by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 3,482,847 shares of the information services provider’s stock worth $108,351,000 after acquiring an additional 46,530 shares during the last quarter. Airain ltd bought a new stake in shares of JD.com during the 2nd quarter valued at about $2,306,000. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of JD.com by 3.3% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 120,715 shares of the information services provider’s stock valued at $4,611,000 after purchasing an additional 3,800 shares in the last quarter. 46.62% of the stock is currently owned by institutional investors and hedge funds.
JD.com Company Profile
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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