JD.com Inc. (JD) Downgraded to “Buy” at Vetr Inc.
Vetr cut shares of JD.com Inc. (NASDAQ:JD) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday. The firm currently has $30.83 price target on the stock.
A number of other analysts have also weighed in on JD. Brean Capital restated a buy rating on shares of JD.com in a research note on Wednesday, June 15th. Goldman Sachs Group Inc. reiterated a buy rating and issued a $31.00 price target on shares of JD.com in a report on Tuesday, June 21st. MKM Partners reiterated a buy rating and issued a $32.00 price target on shares of JD.com in a report on Thursday, June 23rd. Zacks Investment Research cut JD.com from a hold rating to a sell rating in a report on Friday, June 24th. Finally, Credit Suisse Group AG reiterated a hold rating and issued a $20.80 price target on shares of JD.com in a report on Monday, June 27th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. JD.com presently has a consensus rating of Buy and a consensus target price of $31.44.
Shares of JD.com (NASDAQ:JD) traded down 1.369% during trading on Thursday, hitting $27.025. The stock had a trading volume of 3,442,235 shares. The company’s market capitalization is $39.01 billion. JD.com has a 1-year low of $19.51 and a 1-year high of $33.48. The firm has a 50 day moving average of $26.20 and a 200 day moving average of $24.36.
JD.com (NASDAQ:JD) last announced its earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.32. JD.com had a negative return on equity of 24.15% and a negative net margin of 4.29%. The company earned $9.80 billion during the quarter, compared to analyst estimates of $9.81 billion. During the same period last year, the company posted ($0.01) earnings per share. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. Analysts expect that JD.com will post ($0.10) EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. acquired a new position in JD.com during the second quarter valued at $103,000. KBC Group NV raised its stake in shares of JD.com by 3.4% in the second quarter. KBC Group NV now owns 8,016 shares of the company’s stock worth $170,000 after buying an additional 264 shares in the last quarter. Alpine Partners VI LLC purchased a new stake in shares of JD.com during the first quarter worth about $229,000. Suntrust Banks Inc. raised its stake in shares of JD.com by 3.6% in the second quarter. Suntrust Banks Inc. now owns 10,466 shares of the company’s stock worth $221,000 after buying an additional 366 shares in the last quarter. Finally, Seven Bridges Advisors LLC purchased a new stake in shares of JD.com during the second quarter worth about $234,000. Institutional investors and hedge funds own 54.33% of the company’s stock.
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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