JD.com, Inc. (JD) Rating Increased to Buy at Vetr Inc.
JD.com, Inc. (NASDAQ:JD) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage presently has a $45.83 target price on the information services provider’s stock. Vetr‘s price objective indicates a potential upside of 8.17% from the company’s current price.
Several other research firms also recently issued reports on JD. MKM Partners raised shares of JD.com from a “neutral” rating to a “buy” rating and increased their price objective for the company from $33.00 to $51.00 in a report on Wednesday, August 23rd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of JD.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. J P Morgan Chase & Co increased their price objective on shares of JD.com to $55.00 and gave the company a “positive” rating in a report on Tuesday, August 15th. Instinet reaffirmed a “buy” rating on shares of JD.com in a report on Saturday, July 22nd. Finally, HSBC Holdings plc reaffirmed a “buy” rating and set a $49.00 price objective on shares of JD.com in a report on Tuesday, August 15th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $43.10.
JD.com (NASDAQ JD) traded down 1.42% on Friday, hitting $42.37. 11,622,080 shares of the company were exchanged. JD.com has a 52 week low of $23.38 and a 52 week high of $48.99.
JD.com (NASDAQ:JD) last announced its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The firm had revenue of $93.20 billion for the quarter, compared to the consensus estimate of $89.35 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The firm’s quarterly revenue was up 43.6% compared to the same quarter last year. On average, equities analysts forecast that JD.com will post $0.46 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC acquired a new stake in JD.com during the second quarter worth about $22,991,000. Navellier & Associates Inc acquired a new stake in JD.com during the second quarter worth about $786,000. Nomura Holdings Inc. increased its position in JD.com by 8.4% during the second quarter. Nomura Holdings Inc. now owns 95,857 shares of the information services provider’s stock worth $3,762,000 after purchasing an additional 7,458 shares during the last quarter. Tower Research Capital LLC TRC increased its position in JD.com by 897.3% during the second quarter. Tower Research Capital LLC TRC now owns 14,531 shares of the information services provider’s stock worth $570,000 after purchasing an additional 13,074 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in JD.com by 16.4% during the second quarter. The Manufacturers Life Insurance Company now owns 116,623 shares of the information services provider’s stock worth $4,574,000 after purchasing an additional 16,401 shares during the last quarter. Hedge funds and other institutional investors own 46.43% of the company’s stock.
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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