Shares of JD.Com Inc (NASDAQ:JD) have received an average rating of "Buy" from the twenty-six analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $64.68.
Several brokerages recently commented on JD. Cfra boosted their price target on JD.Com from $48.00 to $67.00 and gave the company a "buy" rating in a research note on Tuesday, May 19th. Zacks Investment Research upgraded JD.Com from a "hold" rating to a "strong-buy" rating and set a $71.00 target price for the company in a report on Tuesday, July 21st. Benchmark boosted their target price on JD.Com from $66.00 to $76.00 and gave the stock a "buy" rating in a report on Tuesday, August 18th. BidaskClub upgraded JD.Com from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Finally, Bank of America upgraded JD.Com to a "buy" rating and upped their price target for the stock from $73.00 to $85.00 in a report on Wednesday, August 19th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new stake in JD.Com in the second quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new stake in JD.Com in the second quarter valued at $30,000. American Beacon Advisors Inc. bought a new stake in JD.Com in the first quarter valued at $47,000. SRS Capital Advisors Inc. grew its position in JD.Com by 27.7% in the second quarter. SRS Capital Advisors Inc. now owns 798 shares of the information services provider's stock valued at $48,000 after acquiring an additional 173 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in JD.Com in the second quarter valued at $50,000. Institutional investors and hedge funds own 42.49% of the company's stock.
Shares of NASDAQ JD traded down $1.22 during trading hours on Wednesday, hitting $75.78. The stock had a trading volume of 223,784 shares, compared to its average volume of 15,532,537. The company has a market capitalization of $112.33 billion, a P/E ratio of 38.13, a P/E/G ratio of 1.24 and a beta of 0.97. The firm's 50-day moving average price is $71.02 and its two-hundred day moving average price is $55.41. JD.Com has a 52 week low of $27.47 and a 52 week high of $86.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 1.20.
JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Monday, August 17th. The information services provider reported $3.51 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.28 by $3.23. The business had revenue of $201.10 billion during the quarter, compared to analysts' expectations of $190.02 billion. JD.Com had a return on equity of 9.53% and a net margin of 3.34%. The firm's quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.30 EPS. As a group, analysts expect that JD.Com will post 1.2 EPS for the current fiscal year.
JD.Com Company Profile
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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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View the "7 Stocks That Don’t Care Who Wins the Election".