Other equities research analysts also recently issued research reports about the company. MKM Partners reiterated a buy rating and issued a $32.00 price objective on shares of JD.com in a research report on Thursday, June 23rd. Goldman Sachs Group Inc. restated a buy rating and set a $31.00 price target on shares of JD.com in a research report on Tuesday, June 21st. Brean Capital restated a buy rating on shares of JD.com in a research report on Tuesday, June 21st. Vetr downgraded JD.com from a strong-buy rating to a buy rating and set a $23.46 price target on the stock. in a research report on Wednesday, July 13th. Finally, Citigroup Inc. restated a buy rating and set a $32.00 price target (up previously from $31.00) on shares of JD.com in a research report on Wednesday, August 10th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $31.47.
JD.com (NASDAQ:JD) traded up 0.324% during midday trading on Thursday, hitting $26.355. The company’s stock had a trading volume of 2,910,356 shares. The company’s market cap is $38.04 billion. JD.com has a 52-week low of $19.51 and a 52-week high of $33.48. The stock has a 50 day moving average of $26.35 and a 200 day moving average of $24.38.
JD.com (NASDAQ:JD) last posted its earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.32. The firm had revenue of $9.80 billion for the quarter, compared to the consensus estimate of $9.81 billion. JD.com had a negative return on equity of 24.15% and a negative net margin of 4.29%. The business’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.01) earnings per share. On average, equities analysts expect that JD.com will post ($0.10) EPS for the current year.
A number of hedge funds have recently modified their holdings of JD. Hillhouse Capital Management Ltd. raised its stake in shares of JD.com by 0.5% in the first quarter. Hillhouse Capital Management Ltd. now owns 123,207,731 shares of the company’s stock valued at $3,265,005,000 after buying an additional 599,139 shares during the period. Dodge & Cox raised its stake in shares of JD.com by 33.8% in the second quarter. Dodge & Cox now owns 39,331,236 shares of the company’s stock valued at $835,002,000 after buying an additional 9,934,800 shares during the period. Orbis Allan Gray Ltd bought a new stake in shares of JD.com during the first quarter valued at approximately $679,415,000. Baillie Gifford & Co. raised its stake in shares of JD.com by 12.0% in the second quarter. Baillie Gifford & Co. now owns 22,127,731 shares of the company’s stock valued at $469,771,000 after buying an additional 2,378,483 shares during the period. Finally, Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of JD.com during the second quarter valued at approximately $271,949,000. Institutional investors and hedge funds own 54.30% of the company’s stock.
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.
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