JD.com, Inc. (JD) Given Consensus Recommendation of “Buy” by Brokerages

Shares of JD.com, Inc. (NASDAQ:JD) have received a consensus recommendation of “Buy” from the twenty-one ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $43.08.

Several research firms recently issued reports on JD. Instinet reaffirmed a “buy” rating and set a $55.00 price objective (up from $46.00) on shares of JD.com in a report on Tuesday, August 15th. BidaskClub downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. MKM Partners raised shares of JD.com from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $33.00 to $51.00 in a report on Wednesday, August 23rd. They noted that the move was a valuation call. UBS AG reaffirmed a “neutral” rating and set a $41.00 price objective on shares of JD.com in a report on Monday, August 14th. Finally, Vetr downgraded shares of JD.com from a “buy” rating to a “hold” rating and set a $42.50 price objective for the company. in a report on Wednesday, June 7th.

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A number of large investors have recently modified their holdings of JD. BlackRock Inc. grew its holdings in JD.com by 4,150.5% during the 1st quarter. BlackRock Inc. now owns 30,769,880 shares of the information services provider’s stock worth $957,254,000 after acquiring an additional 30,045,963 shares during the last quarter. FMR LLC grew its holdings in JD.com by 120.5% during the 1st quarter. FMR LLC now owns 42,279,006 shares of the information services provider’s stock worth $1,315,300,000 after acquiring an additional 23,104,318 shares during the last quarter. Tybourne Capital Management HK Ltd. grew its holdings in JD.com by 81.3% during the 1st quarter. Tybourne Capital Management HK Ltd. now owns 15,161,669 shares of the information services provider’s stock worth $471,680,000 after acquiring an additional 6,797,369 shares during the last quarter. FIL Ltd grew its holdings in JD.com by 276.4% during the 1st quarter. FIL Ltd now owns 7,243,232 shares of the information services provider’s stock worth $225,337,000 after acquiring an additional 5,318,877 shares during the last quarter. Finally, OZ Management LP grew its holdings in JD.com by 25.8% during the 1st quarter. OZ Management LP now owns 15,906,625 shares of the information services provider’s stock worth $494,855,000 after acquiring an additional 3,263,730 shares during the last quarter. 46.43% of the stock is currently owned by hedge funds and other institutional investors.

JD.com (NASDAQ:JD) traded up 2.97% during trading on Tuesday, hitting $43.29. 14,168,299 shares of the company traded hands. The firm has a 50 day moving average of $43.55 and a 200 day moving average of $38.31. JD.com has a one year low of $23.38 and a one year high of $48.99. The firm’s market cap is $61.61 billion.

JD.com (NASDAQ:JD) last posted its earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $93.20 billion during the quarter, compared to the consensus estimate of $89.35 billion. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The company’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. On average, analysts expect that JD.com will post $0.47 earnings per share for the current fiscal year.

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.

Analyst Recommendations for JD.com (NASDAQ:JD)

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