JD.Com Inc (JD) Receives $46.12 Consensus Price Target from Analysts
JD.Com Inc (NASDAQ:JD) has been assigned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $46.12.
A number of equities analysts have weighed in on JD shares. Nomura cut their target price on shares of JD.Com from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, August 17th. ValuEngine lowered shares of JD.Com from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 target price on shares of JD.Com in a research report on Thursday, July 19th. JPMorgan Chase & Co. lowered shares of JD.Com from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 9th. Finally, BNP Paribas started coverage on shares of JD.Com in a research report on Thursday, June 14th. They set a “hold” rating for the company.
Several hedge funds have recently added to or reduced their stakes in JD. OppenheimerFunds Inc. boosted its position in shares of JD.Com by 46.5% in the second quarter. OppenheimerFunds Inc. now owns 24,719,292 shares of the information services provider’s stock valued at $962,818,000 after acquiring an additional 7,842,079 shares during the period. Vontobel Asset Management Inc. bought a new position in shares of JD.Com in the second quarter valued at approximately $268,795,000. Mawer Investment Management Ltd. bought a new position in shares of JD.Com in the first quarter valued at approximately $148,695,000. Genesis Asset Managers LLP bought a new position in shares of JD.Com in the second quarter valued at approximately $87,487,000. Finally, BlackRock Inc. boosted its position in shares of JD.Com by 6.1% in the second quarter. BlackRock Inc. now owns 31,710,484 shares of the information services provider’s stock valued at $1,235,123,000 after acquiring an additional 1,825,484 shares during the period. Institutional investors own 51.18% of the company’s stock.
JD.Com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.35. JD.Com had a negative net margin of 0.12% and a negative return on equity of 0.94%. The business had revenue of $122.30 billion during the quarter, compared to the consensus estimate of $122.78 billion. During the same quarter last year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. equities research analysts anticipate that JD.Com will post 0.29 EPS for the current year.
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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