Wall Street brokerages forecast that JD.Com Inc (NASDAQ:JD) will report sales of $23.73 billion for the current quarter, according to Zacks. Two analysts have provided estimates for JD.Com’s earnings, with estimates ranging from $23.55 billion to $23.90 billion. JD.Com reported sales of $19.61 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 21%. The firm is expected to report its next quarterly earnings results on Thursday, February 27th.

According to Zacks, analysts expect that JD.Com will report full-year sales of $80.90 billion for the current year, with estimates ranging from $80.20 billion to $81.83 billion. For the next financial year, analysts anticipate that the company will post sales of $95.86 billion, with estimates ranging from $92.88 billion to $99.20 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for JD.Com.

Several analysts recently weighed in on the company. 86 Research upgraded JD.Com from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $41.00 in a research report on Friday, October 11th. Jefferies Financial Group assumed coverage on JD.Com in a research report on Monday, August 5th. They set a “buy” rating and a $36.50 price objective for the company. Zacks Investment Research downgraded JD.Com from a “buy” rating to a “hold” rating in a research report on Tuesday. Vertical Group assumed coverage on JD.Com in a research report on Tuesday, October 22nd. They set a “buy” rating for the company. Finally, ValuEngine upgraded JD.Com from a “strong sell” rating to a “sell” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $34.25.

Shares of NASDAQ:JD traded down $0.36 during trading on Friday, reaching $32.44. 12,436,432 shares of the company traded hands, compared to its average volume of 14,534,835. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.19. JD.Com has a 52 week low of $19.21 and a 52 week high of $35.43. The firm has a market capitalization of $48.95 billion, a PE ratio of -1,081.33 and a beta of 1.35. The company’s 50 day moving average is $30.92 and its two-hundred day moving average is $29.74.

Institutional investors and hedge funds have recently modified their holdings of the business. NEXT Financial Group Inc acquired a new position in JD.Com in the 2nd quarter worth about $25,000. CWM LLC acquired a new stake in shares of JD.Com in the second quarter valued at about $26,000. Lindbrook Capital LLC increased its stake in shares of JD.Com by 85.5% in the third quarter. Lindbrook Capital LLC now owns 872 shares of the information services provider’s stock valued at $25,000 after buying an additional 402 shares during the period. WealthStone Inc. acquired a new stake in shares of JD.Com in the second quarter valued at about $28,000. Finally, Quest Capital Management Inc. ADV acquired a new stake in shares of JD.Com in the third quarter valued at about $28,000. 40.50% of the stock is owned by institutional investors and hedge funds.

About JD.Com

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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

Featured Story: What is the Quick Ratio?

Get a free copy of the Zacks research report on JD.Com (JD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for JD.Com (NASDAQ:JD)

Receive News & Ratings for JD.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.Com and related companies with MarketBeat.com's FREE daily email newsletter.