JD.com Inc. (JD) Coverage Initiated by Analysts at Stifel Nicolaus
Equities research analysts at Stifel Nicolaus began coverage on shares of JD.com Inc. (NASDAQ:JD) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set a “buy” rating on the stock.
JD has been the subject of a number of other research reports. Vetr upgraded shares of JD.com from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Wednesday, September 7th. JPMorgan Chase & Co. assumed coverage on shares of JD.com in a report on Wednesday, August 31st. They issued a “neutral” rating and a $29.00 price target for the company. Zacks Investment Research lowered shares of JD.com from a “hold” rating to a “sell” rating in a report on Friday, June 24th. Brean Capital restated a “buy” rating on shares of JD.com in a report on Wednesday, June 15th. Finally, MKM Partners lowered shares of JD.com from a “buy” rating to a “neutral” rating and reduced their price target for the company from $32.00 to $27.00 in a report on Tuesday, September 20th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.33.
Shares of JD.com (NASDAQ:JD) traded down 1.20% on Thursday, reaching $26.27. 14,027,616 shares of the company were exchanged. JD.com has a 52 week low of $19.51 and a 52 week high of $33.48. The firm’s 50 day moving average price is $26.35 and its 200 day moving average price is $24.38. The stock’s market capitalization is $37.92 billion.
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JD.com (NASDAQ:JD) last announced 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. JD.com had a negative net margin of 4.29% and a negative return on equity of 24.15%. The company earned $9.80 billion during the quarter, compared to analyst estimates of $9.81 billion. During the same quarter last year, the business posted ($0.01) EPS. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. Equities research analysts anticipate that JD.com will post ($0.10) EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV increased its stake in JD.com by 3.4% in the second quarter. KBC Group NV now owns 8,016 shares of the company’s stock valued at $170,000 after buying an additional 264 shares during the period. Suntrust Banks Inc. increased its stake in JD.com by 3.6% in the second quarter. Suntrust Banks Inc. now owns 10,466 shares of the company’s stock valued at $221,000 after buying an additional 366 shares during the period. Rafferty Asset Management LLC increased its stake in JD.com by 1.5% in the second quarter. Rafferty Asset Management LLC now owns 29,200 shares of the company’s stock valued at $620,000 after buying an additional 440 shares during the period. Allen Investment Management LLC increased its stake in JD.com by 2.2% in the first quarter. Allen Investment Management LLC now owns 42,422 shares of the company’s stock valued at $1,124,000 after buying an additional 904 shares during the period. Finally, Advisors Capital Management LLC increased its stake in JD.com by 1.6% in the second quarter. Advisors Capital Management LLC now owns 62,797 shares of the company’s stock valued at $1,333,000 after buying an additional 990 shares during the period. 54.30% of the stock is currently owned by institutional investors and hedge funds.
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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