Nomura upgraded shares of JD.Com (NASDAQ:JD) from a neutral rating to a buy rating in a research note published on Wednesday, Benzinga reports. The firm currently has $29.81 price target on the information services provider’s stock.
JD has been the subject of a number of other research reports. ValuEngine upgraded JD.Com from a sell rating to a hold rating in a research report on Monday, February 4th. TheStreet cut JD.Com from a c- rating to a d+ rating in a research report on Monday, April 22nd. BidaskClub cut JD.Com from a buy rating to a hold rating in a research report on Saturday, April 13th. JPMorgan Chase & Co. upgraded JD.Com from a neutral rating to an overweight rating and set a $30.55 price objective for the company in a research report on Tuesday, April 30th. Finally, Zacks Investment Research upgraded JD.Com from a hold rating to a buy rating and set a $32.00 price objective for the company in a research report on Wednesday, March 27th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $32.22.
JD.Com stock opened at $29.31 on Wednesday. The firm has a market cap of $35.29 billion, a P/E ratio of -977.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.50. JD.Com has a one year low of $19.21 and a one year high of $45.23.
JD.Com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, February 28th. The information services provider reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. The company had revenue of $19.61 billion during the quarter, compared to analysts’ expectations of $19.34 billion. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. As a group, research analysts anticipate that JD.Com will post 0.51 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JD. Advisory Services Network LLC boosted its stake in JD.Com by 2,305.1% during the fourth quarter. Advisory Services Network LLC now owns 1,900 shares of the information services provider’s stock valued at $40,000 after buying an additional 1,821 shares during the last quarter. Doyle Wealth Management bought a new position in JD.Com during the fourth quarter valued at approximately $42,000. AlphaMark Advisors LLC bought a new position in JD.Com during the fourth quarter valued at approximately $47,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in JD.Com during the first quarter valued at approximately $51,000. Finally, Commonwealth Bank of Australia boosted its stake in JD.Com by 35.6% during the fourth quarter. Commonwealth Bank of Australia now owns 2,950 shares of the information services provider’s stock valued at $60,000 after buying an additional 774 shares during the last quarter. 47.59% of the stock is owned by hedge funds and other institutional investors.
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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