$16.33 Billion in Sales Expected for JD.Com Inc (JD) This Quarter

Equities analysts expect JD.Com Inc (NASDAQ:JD) to post sales of $16.33 billion for the current quarter, according to Zacks. Two analysts have issued 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.

According to Zacks, analysts expect that JD.Com will report full-year sales of $16.33 billion for the current year, with estimates ranging from $54.23 billion to $55.63 billion. For the next fiscal year, analysts forecast that the firm will post sales of $71.25 billion per share, with estimates ranging from $70.00 billion to $73.11 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover JD.Com.

JD.Com (NASDAQ:JD) last released its quarterly earnings data on Monday, November 13th. The information services provider reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.12. JD.Com had a positive return on equity of 0.83% and a negative net margin of 0.29%.

Several equities research analysts have recently commented on the company. Vetr upgraded JD.Com from a “hold” rating to a “buy” rating and set a $48.61 price objective for the company in a report on Friday. Wells Fargo & Co began coverage on JD.Com in a report on Tuesday, September 26th. They set an “outperform” rating and a $50.00 price target for the company. BidaskClub upgraded JD.Com from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. Nomura upped their price target on JD.Com from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, MKM Partners reiterated a “buy” rating and set a $51.00 price target on shares of JD.Com in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $46.59.

A number of hedge funds have recently bought and sold shares of JD. GQG Partners LLC purchased a new position in JD.Com in the second quarter worth $85,822,000. Rovida Advisors Inc. purchased a new position in JD.Com in the third quarter worth $43,403,000. Hermes Investment Management Ltd. boosted its position in JD.Com by 35.5% in the third quarter. Hermes Investment Management Ltd. now owns 4,016,844 shares of the information services provider’s stock worth $153,443,000 after purchasing an additional 1,051,571 shares during the last quarter. Macquarie Group Ltd. boosted its position in JD.Com by 37.7% in the third quarter. Macquarie Group Ltd. now owns 3,738,921 shares of the information services provider’s stock worth $142,826,000 after purchasing an additional 1,023,732 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb Inc. boosted its position in JD.Com by 33.3% in the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 4,000,000 shares of the information services provider’s stock worth $152,800,000 after purchasing an additional 1,000,000 shares during the last quarter. 44.04% of the stock is currently owned by institutional investors and hedge funds.

JD.Com (JD) traded up $0.12 during midday trading on Friday, hitting $46.02. The stock had a trading volume of 6,648,640 shares, compared to its average volume of 13,640,000. The company has a market capitalization of $65,700.00, a P/E ratio of -657.43 and a beta of 1.38. JD.Com has a 52-week low of $27.46 and a 52-week 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.

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About JD.Com

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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