JD.com Inc. (JD) Price Target Raised to $31.00 at SunTrust Banks Inc.
JD has been the subject of a number of other reports. Zacks Investment Research upgraded JD.com from a sell rating to a hold rating in a research note on Tuesday, August 16th. Vetr upgraded JD.com from a hold rating to a buy rating and set a $26.50 price objective for the company in a research note on Wednesday, August 31st. TH Capital downgraded JD.com from a buy rating to a hold rating in a research note on Monday, August 8th. JPMorgan Chase & Co. began coverage on JD.com in a research note on Wednesday, August 31st. They set a neutral rating and a $29.00 price objective for the company. Finally, MKM Partners set a $32.00 price objective on JD.com and gave the company a buy rating in a research note on Wednesday, August 10th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. JD.com has a consensus rating of Buy and a consensus target price of $31.42.
Shares of JD.com (NASDAQ:JD) traded down 1.61% during midday trading on Monday, hitting $26.86. 1,539,041 shares of the stock were exchanged. The firm’s 50 day moving average price is $26.28 and its 200-day moving average price is $24.33. JD.com has a 52-week low of $19.51 and a 52-week high of $33.48. The stock’s market cap is $38.77 billion.
JD.com (NASDAQ:JD) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.32. The business earned $9.80 billion during the quarter, compared to the consensus estimate of $9.81 billion. JD.com had a negative return on equity of 24.15% and a negative net margin of 4.29%. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) EPS. On average, equities research analysts expect that JD.com will post ($0.10) earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Harding Loevner LP increased its position in JD.com by 158.9% in the third quarter. Harding Loevner LP now owns 4,673,655 shares of the company’s stock worth $121,936,000 after buying an additional 2,868,616 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in JD.com by 12.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,861,670 shares of the company’s stock worth $74,661,000 after buying an additional 327,300 shares during the last quarter. Macquarie Group Ltd. increased its position in JD.com by 6.9% in the second quarter. Macquarie Group Ltd. now owns 718,600 shares of the company’s stock worth $15,257,000 after buying an additional 46,100 shares during the last quarter. Nomura Holdings Inc. increased its position in JD.com by 33.5% in the second quarter. Nomura Holdings Inc. now owns 111,494 shares of the company’s stock worth $2,359,000 after buying an additional 27,954 shares during the last quarter. Finally, CI Investments Inc. increased its position in JD.com by 57.4% in the second quarter. CI Investments Inc. now owns 198,300 shares of the company’s stock worth $4,210,000 after buying an additional 72,300 shares during the last quarter. 54.30% 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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