JD.com Inc. (JD) Rating Increased to Strong-Buy at Vetr Inc.
JD.com Inc. (NASDAQ:JD) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The firm presently has a $25.97 price target on the stock. Vetr‘s price objective would indicate a potential downside of 2.00% from the stock’s previous close.
Several other brokerages have also commented on JD. Goldman Sachs Group Inc. assumed coverage on JD.com in a research report on Monday, July 25th. They set a “buy” rating and a $31.00 target price on the stock. Brean Capital restated a “buy” rating on shares of JD.com in a research report on Tuesday, July 19th. Zacks Investment Research upgraded JD.com from a “sell” rating to a “hold” rating in a research report on Friday, July 8th. Credit Suisse Group AG restated a “hold” rating and set a $20.80 target price on shares of JD.com in a research report on Monday, June 27th. Finally, MKM Partners restated a “buy” rating and set a $32.00 target price on shares of JD.com in a research report on Thursday, June 23rd. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. JD.com has an average rating of “Buy” and an average price target of $31.47.
JD.com (NASDAQ:JD) traded up 0.88% during mid-day trading on Monday, hitting $26.50. 7,110,387 shares of the stock were exchanged. The stock’s 50 day moving average is $26.38 and its 200 day moving average is $24.38. The stock’s market cap is $38.25 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 issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.32. The company earned $9.80 billion during the quarter, compared to analysts’ expectations of $9.81 billion. JD.com had a negative return on equity of 24.15% and a negative net margin of 4.29%. The business’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. Analysts forecast that JD.com will post ($0.10) EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of JD. Advisor Group Inc. purchased a new stake in JD.com during the second quarter worth about $103,000. 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 worth $170,000 after buying an additional 264 shares in the last quarter. 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 worth $221,000 after buying an additional 366 shares in the last quarter. Alpine Partners VI LLC purchased a new stake in JD.com during the first quarter worth about $229,000. Finally, Seven Bridges Advisors LLC purchased a new stake in JD.com during the second quarter worth about $234,000. 54.30% of the stock is owned by 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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