JD.com (NASDAQ:JD) Earns Buy Rating from Analysts at The Goldman Sachs Group

Investment analysts at The Goldman Sachs Group assumed coverage on shares of JD.com (NASDAQ:JD - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage set a "buy" rating and a $37.00 price target on the information services provider's stock. The Goldman Sachs Group's price target would suggest a potential upside of 29.42% from the stock's current price.

Other equities analysts have also issued research reports about the company. HSBC raised their target price on JD.com from $38.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. raised their target price on shares of JD.com from $25.00 to $28.00 and gave the stock a "hold" rating in a report on Friday, April 5th. Nomura reduced their price objective on JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Susquehanna cut their price target on JD.com from $30.00 to $28.00 and set a "neutral" rating for the company in a research note on Friday, April 5th. Finally, Citigroup cut their price target on JD.com from $43.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, January 25th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $35.60.

JD.com Stock Up 1.1 %

JD stock traded up $0.32 on Thursday, hitting $28.59. 11,045,575 shares of the company's stock were exchanged, compared to its average volume of 14,593,847. The firm has a 50 day moving average price of $25.69 and a two-hundred day moving average price of $25.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16. JD.com has a 12-month low of $20.82 and a 12-month high of $41.95. The stock has a market cap of $45.09 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.22 and a beta of 0.54.

JD.com (NASDAQ:JD - Get Free Report) last released its earnings results on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $4.74. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The company had revenue of $306.08 billion during the quarter, compared to analysts' expectations of $300.21 billion. During the same period last year, the business earned $0.54 EPS. JD.com's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts expect that JD.com will post 2.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JD. Aspex Management HK Ltd acquired a new position in JD.com during the fourth quarter worth $114,009,000. FIL Ltd boosted its position in shares of JD.com by 124.3% during the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider's stock worth $179,423,000 after buying an additional 3,441,605 shares during the period. National Bank of Canada FI boosted its holdings in JD.com by 292.4% during the 4th quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider's stock valued at $120,679,000 after acquiring an additional 3,305,956 shares during the period. Discerene Group LP boosted its holdings in JD.com by 107.9% during the 4th quarter. Discerene Group LP now owns 3,347,232 shares of the information services provider's stock valued at $96,702,000 after acquiring an additional 1,737,572 shares during the period. Finally, Morgan Stanley boosted its holdings in JD.com by 15.8% during the 3rd quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider's stock valued at $270,267,000 after acquiring an additional 1,265,995 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.