JD.com, Inc. (JD) Given a $49.00 Price Target by KeyCorp Analysts
Other equities research analysts have also recently issued reports about the company. Vetr upgraded JD.com from a buy rating to a strong-buy rating and set a $47.50 price target for the company in a research note on Tuesday, June 27th. Zacks Investment Research cut JD.com from a strong-buy rating to a hold rating in a research note on Wednesday, July 12th. Instinet reiterated a buy rating on shares of JD.com in a research note on Saturday, July 22nd. Bank of America Corporation reiterated a buy rating and issued a $53.00 price target (up from $46.00) on shares of JD.com in a research note on Wednesday, August 9th. Finally, UBS AG reiterated a neutral rating and issued a $41.00 price target on shares of JD.com in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $44.23.
Shares of JD.com (JD) traded down 0.96% during mid-day trading on Thursday, hitting $39.00. The company’s stock had a trading volume of 20,221,093 shares. The company’s market cap is $55.51 billion. JD.com has a 1-year low of $23.38 and a 1-year high of $48.99. The company has a 50-day moving average of $41.06 and a 200 day moving average of $40.17.
JD.com (NASDAQ:JD) last posted its earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The company had revenue of $93.20 billion for the quarter, compared to the consensus estimate of $89.35 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was up 43.6% on a year-over-year basis. On average, analysts expect that JD.com will post $0.45 EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Highstreet Asset Management Inc. bought a new stake in JD.com during the second quarter worth $127,000. IFP Advisors Inc increased its holdings in shares of JD.com by 585.2% during the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock worth $192,000 after buying an additional 4,184 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of JD.com by 7.7% during the first quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock worth $202,000 after buying an additional 464 shares in the last quarter. Suntrust Banks Inc. acquired a new position in shares of JD.com during the second quarter worth $207,000. Finally, Bfsg LLC acquired a new position in shares of JD.com during the second quarter worth $222,000. Hedge funds and other institutional investors own 46.44% 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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