Shares of JD.com, Inc. (NASDAQ:JD – Get Free Report) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $35.33.
A number of equities analysts have issued reports on JD shares. Barclays lowered their price target on JD.com from $41.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 14th. Susquehanna reduced their price target on shares of JD.com from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Benchmark restated a “buy” rating on shares of JD.com in a research report on Friday, August 14th. Zacks Research downgraded JD.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Mizuho set a $39.00 target price on shares of JD.com in a report on Friday, August 14th.
Get Our Latest Stock Report on JD.com
JD.com Price Performance
JD opened at $25.57 on Wednesday. The firm has a 50 day moving average of $27.23 and a two-hundred day moving average of $28.65. JD.com has a 12-month low of $24.51 and a 12-month high of $35.06.
JD.com (NASDAQ:JD – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $50.99 billion during the quarter, compared to analysts’ expectations of $50.38 billion. JD.com’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.97 earnings per share. As a group, sell-side analysts predict that JD.com will post 2.90 earnings per share for the current year.
Hedge Funds Weigh In On JD.com
Institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its position in shares of JD.com by 27.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 9,051 shares of the information services provider’s stock valued at $241,000 after purchasing an additional 1,975 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in JD.com by 9.8% in the third quarter. Crossmark Global Holdings Inc. now owns 111,489 shares of the information services provider’s stock valued at $2,966,000 after purchasing an additional 9,977 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of JD.com by 2.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,356,490 shares of the information services provider’s stock worth $222,283,000 after buying an additional 235,034 shares during the last quarter. Lakeshore Capital Group Inc. grew its position in shares of JD.com by 12.7% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 19,590 shares of the information services provider’s stock valued at $521,000 after buying an additional 2,208 shares during the last quarter. Finally, Tempus Wealth Planning LLC raised its stake in JD.com by 43.4% during the 3rd quarter. Tempus Wealth Planning LLC now owns 15,555 shares of the information services provider’s stock worth $414,000 after acquiring an additional 4,711 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.
JD.com Company Profile
JD.com, Inc (NASDAQ:JD) is a technology and e-commerce company headquartered in Beijing, China. The company operates an online retail platform offering consumer electronics, appliances, computers, mobile devices, apparel, groceries, healthcare products and other consumer goods. Its business includes both direct sales of products and a marketplace that enables third-party merchants to reach customers.
Founded in 1998 by Richard Liu, JD.com has developed an integrated retail and logistics model designed to support product sourcing, warehousing, order fulfillment and delivery.
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