JD.Com Inc (JD) Expected to Announce Quarterly Sales of $16.33 Billion

Wall Street brokerages predict that JD.Com Inc (NASDAQ:JD) will announce $16.33 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for JD.Com’s earnings. JD.Com reported sales of $11.56 billion during the same quarter last year, which indicates a positive year over year growth rate of 41.3%. The company is expected to issue its next quarterly earnings results on Thursday, March 1st.

On average, analysts expect that JD.Com will report full-year sales of $16.33 billion for the current financial year, with estimates ranging from $54.23 billion to $55.06 billion. For the next financial year, analysts expect that the business will report sales of $70.80 billion per share, with estimates ranging from $68.49 billion to $73.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover JD.Com.

Several equities research analysts recently issued reports on JD shares. Morgan Stanley downgraded shares of JD.Com from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $50.00 to $52.00 in a research note on Tuesday, November 14th. UBS Group upgraded shares of JD.Com from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th. Stifel Nicolaus started coverage on shares of JD.Com in a research note on Wednesday, December 13th. They issued a “buy” rating and a $48.00 target price for the company. BidaskClub downgraded shares of JD.Com from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 26th. Finally, Nomura raised their target price on shares of JD.Com from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $46.36.

JD.Com (NASDAQ:JD) traded up $0.23 during trading on Wednesday, hitting $43.51. 12,415,678 shares of the stock were exchanged, compared to its average volume of 11,473,199. JD.Com has a one year low of $25.58 and a one year high of $48.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12. The firm has a market cap of $61,960.00, a P/E ratio of -621.57 and a beta of 1.38.

A number of large investors have recently made changes to their positions in JD. State of New Jersey Common Pension Fund D grew its stake in shares of JD.Com by 11.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 678,507 shares of the information services provider’s stock worth $25,919,000 after buying an additional 70,102 shares during the last quarter. Rovida Advisors Inc. bought a new stake in shares of JD.Com during the third quarter worth $43,403,000. Janus Henderson Group PLC bought a new stake in shares of JD.Com during the second quarter worth $1,371,000. Russell Investments Group Ltd. grew its stake in shares of JD.Com by 38.4% during the third quarter. Russell Investments Group Ltd. now owns 2,297,335 shares of the information services provider’s stock worth $87,748,000 after buying an additional 637,176 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of JD.Com by 0.8% during the second quarter. BlackRock Inc. now owns 31,030,874 shares of the information services provider’s stock worth $1,217,028,000 after buying an additional 260,994 shares during the last quarter. 44.02% of the stock is currently owned by institutional investors and hedge funds.

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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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