JD.com Inc. (JD) Rating Lowered to Buy at Vetr Inc.
JD.com Inc. (NASDAQ:JD) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Thursday. They presently have a $30.83 price objective on the stock. Vetr‘s price objective suggests a potential upside of 14.06% from the stock’s current price.
A number of other research firms have also weighed in on JD. Citigroup Inc. restated a “buy” rating and set a $32.00 price objective (up from $31.00) on shares of JD.com in a research note on Wednesday, August 10th. T.H. Capital lowered shares of JD.com from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Jefferies Group raised their price objective on shares of JD.com from $31.60 to $32.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Nomura set a $30.00 price objective on shares of JD.com and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, Goldman Sachs Group Inc. started coverage on shares of JD.com in a research note on Monday, July 25th. They issued a “buy” rating and a $31.00 price target for the company. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $31.44.
JD.com (NASDAQ:JD) traded down 1.35% on Thursday, reaching $27.03. 9,607,399 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $26.24 and its 200 day moving average price is $24.36. The company’s market cap is $39.01 billion. JD.com has a 52-week low of $19.51 and a 52-week high of $33.48.
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JD.com (NASDAQ:JD) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.32. The business earned $9.80 billion during the quarter, compared to analyst estimates of $9.81 billion. JD.com had a negative net margin of 4.29% and a negative return on equity of 24.15%. JD.com’s revenue was up 42.0% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. On average, analysts expect that JD.com will post ($0.10) earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in JD. Commonwealth Equity Services Inc increased its position in JD.com by 11.5% in the first quarter. Commonwealth Equity Services Inc now owns 20,986 shares of the company’s stock valued at $556,000 after buying an additional 2,165 shares during the period. Teachers Advisors Inc. boosted its stake in shares of JD.com by 1.6% in the first quarter. Teachers Advisors Inc. now owns 341,072 shares of the company’s stock valued at $9,038,000 after buying an additional 5,372 shares in the last quarter. BlackRock Inc. boosted its stake in shares of JD.com by 24.1% in the first quarter. BlackRock Inc. now owns 984,202 shares of the company’s stock valued at $26,081,000 after buying an additional 190,924 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of JD.com by 9.5% in the first quarter. BlackRock Group LTD now owns 5,502,733 shares of the company’s stock valued at $145,822,000 after buying an additional 476,504 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of JD.com by 6.9% in the first quarter. BlackRock Fund Advisors now owns 2,228,706 shares of the company’s stock valued at $59,061,000 after buying an additional 143,430 shares in the last quarter. 54.33% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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