JD.com Inc. (JD) Given New $31.00 Price Target at SunTrust Banks Inc.
JD.com Inc. (NASDAQ:JD) had its target price lifted by investment analysts at SunTrust Banks Inc. to $31.00 in a report released on Monday. SunTrust Banks Inc.’s target price points to a potential upside of 14.69% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $32.00 target price (up from $31.00) on shares of JD.com in a research note on Wednesday, August 10th. MKM Partners set a $32.00 target price on shares of JD.com and gave the company a “buy” rating in a research note on Wednesday, August 10th. Brean Capital reaffirmed a “buy” rating on shares of JD.com in a research note on Tuesday, July 19th. Vetr cut shares of JD.com from a “strong-buy” rating to a “buy” rating and set a $25.97 target price for the company. in a research note on Wednesday, August 10th. Finally, Jefferies Group raised their target price 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. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $31.42.
Shares of JD.com (NASDAQ:JD) opened at 27.03 on Monday. The stock’s 50 day moving average is $26.24 and its 200-day moving average is $24.36. JD.com has a 12-month low of $19.51 and a 12-month high of $33.48. The company’s market capitalization is $39.01 billion.
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JD.com (NASDAQ:JD) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.32. JD.com had a negative net margin of 4.29% and a negative return on equity of 24.15%. The business had revenue of $9.80 billion for the quarter, compared to the consensus estimate of $9.81 billion. During the same period last year, the firm earned ($0.01) earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis. Analysts anticipate that JD.com will post ($0.10) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of JD. Orbis Allan Gray Ltd purchased a new position in shares of JD.com during the first quarter worth about $679,415,000. Dodge & Cox increased its position in shares of JD.com by 299.6% in the first quarter. Dodge & Cox now owns 29,396,436 shares of the company’s stock worth $779,006,000 after buying an additional 22,040,700 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University purchased a new position in shares of JD.com during the second quarter worth about $271,949,000. Generation Investment Management LLP increased its position in shares of JD.com by 914.4% in the second quarter. Generation Investment Management LLP now owns 11,204,969 shares of the company’s stock worth $237,881,000 after buying an additional 10,100,390 shares during the last quarter. Finally, Coronation Fund Managers Ltd. purchased a new position in shares of JD.com during the second quarter worth about $211,808,000. 54.30% of the stock is currently owned by institutional investors and hedge funds.
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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