JD.Com (NASDAQ:JD) received a $28.00 price target from research analysts at UBS Group in a report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the information services provider’s stock. UBS Group’s price target would suggest a potential upside of 14.52% from the company’s current price.
A number of other research analysts have also commented on the company. Zacks Investment Research raised JD.Com from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, September 27th. MKM Partners decreased their price objective on JD.Com to $41.00 and set a “buy” rating on the stock in a report on Monday, September 24th. CLSA lowered JD.Com from an “outperform” rating to an “underperform” rating and set a $29.00 price objective on the stock. in a report on Thursday, September 20th. Morgan Stanley reaffirmed a “hold” rating and issued a $25.00 price objective on shares of JD.Com in a report on Monday, September 17th. Finally, Susquehanna Bancshares started coverage on JD.Com in a report on Friday, September 7th. They issued a “neutral” rating and a $30.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.16.
JD stock opened at $24.45 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.66 and a debt-to-equity ratio of 0.17. The company has a market cap of $31.41 billion, a P/E ratio of 2,445.00 and a beta of 1.41. JD.Com has a 1-year low of $22.50 and a 1-year high of $50.68.
JD.Com (NASDAQ:JD) last posted its earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.35. The business had revenue of $122.30 billion for the quarter, compared to analyst estimates of $122.78 billion. JD.Com had a negative return on equity of 0.96% and a negative net margin of 0.12%. The firm’s revenue was up 31.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. Equities analysts forecast that JD.Com will post 0.29 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of JD.Com by 6.1% during the 2nd quarter. BlackRock Inc. now owns 31,710,484 shares of the information services provider’s stock worth $1,235,123,000 after buying an additional 1,825,484 shares during the last quarter. OppenheimerFunds Inc. lifted its position in shares of JD.Com by 46.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 24,719,292 shares of the information services provider’s stock worth $962,818,000 after buying an additional 7,842,079 shares during the last quarter. Vontobel Asset Management Inc. bought a new stake in shares of JD.Com during the 2nd quarter worth $268,795,000. Artisan Partners Limited Partnership lifted its position in shares of JD.Com by 6.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 6,102,906 shares of the information services provider’s stock worth $237,708,000 after buying an additional 372,858 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of JD.Com by 7.9% during the 2nd quarter. Northern Trust Corp now owns 5,431,417 shares of the information services provider’s stock worth $211,555,000 after buying an additional 399,486 shares during the last quarter. Hedge funds and other institutional investors own 51.17% of the company’s stock.
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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