JD.com Inc. (JD) Coverage Initiated at Stifel Nicolaus
Stock analysts at Stifel Nicolaus initiated coverage on shares of JD.com Inc. (NASDAQ:JD) in a research note issued on Thursday. The firm set a “buy” rating and a $34.00 price target on the stock. Stifel Nicolaus’ target price points to a potential upside of 28.30% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Vetr lowered JD.com from a “buy” rating to a “hold” rating and set a $25.97 price target on the stock. in a research report on Tuesday, August 16th. T.H. Capital lowered JD.com from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. MKM Partners set a $32.00 price target on JD.com and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Brean Capital reaffirmed a “buy” rating on shares of JD.com in a research report on Tuesday, July 19th. Finally, Goldman Sachs Group Inc. assumed coverage on JD.com in a research report on Monday, July 25th. They set a “buy” rating and a $31.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.47.
JD.com (NASDAQ:JD) opened at 26.50 on Thursday. JD.com has a 1-year low of $19.51 and a 1-year high of $33.48. The firm’s market capitalization is $38.25 billion. The company has a 50-day moving average price of $26.38 and a 200 day moving average price of $24.38.
JD.com (NASDAQ:JD) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.32. The company had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.81 billion. JD.com had a negative return on equity of 24.15% and a negative net margin of 4.29%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) earnings per share. Analysts expect that JD.com will post ($0.10) earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. acquired a new stake in JD.com during the second quarter worth $103,000. KBC Group NV increased its stake in 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 during the period. Suntrust Banks Inc. increased its stake in 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 during the period. Alpine Partners VI LLC acquired a new stake in JD.com during the first quarter worth $229,000. Finally, Seven Bridges Advisors LLC acquired a new stake in JD.com during the second quarter worth $234,000. Hedge funds and other institutional investors own 54.30% of the company’s stock.
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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