Vetr upgraded shares of JD.Com (NASDAQ:JD) from a buy rating to a strong-buy rating in a report published on Monday morning. The brokerage currently has $52.28 target price on the information services provider’s stock.
A number of other equities research analysts also recently weighed in on JD. Sanford C. Bernstein reaffirmed a market perform rating and issued a $47.00 target price (up from $40.00) on shares of JD.Com in a research note on Wednesday, January 31st. BidaskClub raised shares of JD.Com from a sell rating to a hold rating in a research note on Monday, November 13th. KeyCorp raised their target price on shares of JD.Com from $51.00 to $56.00 and gave the company an overweight rating in a research note on Friday, January 26th. Zacks Investment Research downgraded shares of JD.Com from a hold rating to a sell rating in a research note on Tuesday, January 16th. Finally, Wells Fargo & Co raised their target price on shares of JD.Com from $50.00 to $52.00 and gave the company an outperform rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. JD.Com has a consensus rating of Buy and an average price target of $48.52.
Shares of JD.Com (JD) opened at $44.60 on Monday. JD.Com has a fifty-two week low of $28.35 and a fifty-two week high of $50.68. The stock has a market cap of $63,510.00, a PE ratio of -637.14 and a beta of 1.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.12 and a quick ratio of 0.79.
JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Monday, November 13th. The information services provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.12. JD.Com had a negative net margin of 0.29% and a positive return on equity of 0.83%. research analysts predict that JD.Com will post 0.07 EPS for the current year.
Hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. purchased a new position in shares of JD.Com during the third quarter worth approximately $101,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of JD.Com during the fourth quarter worth approximately $135,000. Advisor Group Inc. raised its stake in shares of JD.Com by 253.0% during the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock worth $154,000 after acquiring an additional 2,907 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of JD.Com by 58.3% in the fourth quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 3,800 shares of the information services provider’s stock worth $157,000 after purchasing an additional 1,400 shares during the last quarter. Finally, CENTRAL TRUST Co bought a new position in shares of JD.Com in the fourth quarter worth approximately $166,000. 44.31% of the stock is currently owned by hedge funds and other institutional investors.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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