Vetr Inc. Lowers JD.com, Inc. (JD) to Hold
Vetr downgraded shares of JD.com, Inc. (NASDAQ:JD) from a buy rating to a hold rating in a research report report published on Wednesday. They currently have $44.29 price objective on the information services provider’s stock.
Other research analysts have also recently issued research reports about the stock. Instinet reaffirmed a buy rating and issued a $55.00 price target (up previously from $46.00) on shares of JD.com in a report on Tuesday, August 15th. MKM Partners raised shares of JD.com from a neutral rating to a buy rating and raised their price target for the stock from $33.00 to $51.00 in a report on Wednesday, August 23rd. They noted that the move was a valuation call. BidaskClub cut shares of JD.com from a strong-buy rating to a buy rating in a report on Tuesday, August 15th. UBS AG reaffirmed a neutral rating and issued a $41.00 price target on shares of JD.com in a report on Monday, August 14th. Finally, Zacks Investment Research raised shares of JD.com from a hold rating to a buy rating and set a $45.00 price target for the company in a report on Tuesday, May 16th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $43.02.
JD.com (NASDAQ:JD) traded down 0.75% during midday trading on Wednesday, reaching $44.91. 16,910,724 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $43.54 and its 200-day moving average is $38.60. The stock’s market capitalization is $63.92 billion. JD.com has a 12-month low of $23.38 and a 12-month high of $48.99.
JD.com (NASDAQ:JD) last posted its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. The business had revenue of $93.20 billion during 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 earnings per share. On average, equities analysts forecast that JD.com will post $0.46 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Airain ltd acquired a new stake in JD.com during the second quarter valued at $2,306,000. Vanguard Group Inc. grew its position in JD.com by 1.4% during the first quarter. Vanguard Group Inc. now owns 3,482,847 shares of the information services provider’s stock valued at $108,351,000 after buying an additional 46,530 shares during the period. Hosking Partners LLP grew its position in JD.com by 1.6% during the second quarter. Hosking Partners LLP now owns 1,081,565 shares of the information services provider’s stock valued at $42,419,000 after buying an additional 17,356 shares during the period. Russell Investments Group Ltd. grew its position in JD.com by 79.7% during the second quarter. Russell Investments Group Ltd. now owns 1,660,159 shares of the information services provider’s stock valued at $65,106,000 after buying an additional 736,545 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in JD.com by 1.9% during the first quarter. Nomura Asset Management Co. Ltd. now owns 81,264 shares of the information services provider’s stock valued at $2,528,000 after buying an additional 1,508 shares during the period. Institutional investors own 46.43% 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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