JD.com, Inc. (JD) Rating Increased to Hold at Zacks Investment Research
JD.com, Inc. (NASDAQ:JD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “JD.com, Inc. operates as an online direct sales company in China. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China. “
Several other analysts have also recently commented on the company. MKM Partners restated a “buy” rating and issued a $51.00 price target on shares of JD.com in a report on Monday, October 2nd. BidaskClub cut JD.com from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Vetr cut JD.com from a “strong-buy” rating to a “buy” rating and set a $44.44 price target for the company. in a report on Thursday, September 28th. Wells Fargo & Company assumed coverage on JD.com in a report on Tuesday, September 26th. They issued an “outperform” rating and a $50.00 price target for the company. Finally, HSBC Holdings plc restated a “buy” rating and issued a $49.00 price target on shares of JD.com in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $43.97.
Shares of JD.com (NASDAQ JD) opened at 40.32 on Tuesday. The stock’s market cap is $57.39 billion. JD.com has a one year low of $23.38 and a one year high of $48.99. The company has a 50 day moving average of $41.14 and a 200-day moving average of $40.17.
JD.com (NASDAQ:JD) last announced its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The firm had revenue of $93.20 billion during the quarter, compared to the consensus estimate of $89.35 billion. During the same quarter in the previous year, the company posted $0.29 EPS. The firm’s revenue for the quarter was up 43.6% on a year-over-year basis. On average, analysts anticipate that JD.com will post $0.45 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of JD. FIL Ltd raised its position in shares of JD.com by 36.1% during the 2nd quarter. FIL Ltd now owns 9,860,118 shares of the information services provider’s stock valued at $386,713,000 after acquiring an additional 2,616,886 shares in the last quarter. GQG Partners LLC acquired a new stake in shares of JD.com during the 2nd quarter valued at approximately $85,822,000. BARING ASSET MANAGEMENT Ltd acquired a new stake in shares of JD.com during the 2nd quarter valued at approximately $61,748,000. TB Alternative Assets Ltd. acquired a new stake in shares of JD.com during the 2nd quarter valued at approximately $50,598,000. Finally, Ariose Capital Management Ltd acquired a new stake in shares of JD.com during the 2nd quarter valued at approximately $47,005,000. 46.44% 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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