Several other equities research analysts have also recently weighed in on the company. Brean Capital reissued a buy rating on shares of JD.com in a research note on Wednesday, June 15th. MKM Partners set a $32.00 price target on JD.com and gave the company a buy rating in a research note on Wednesday, August 3rd. Bank of America Corp. increased their price target on JD.com from $26.50 to $27.00 and gave the company a neutral rating in a research note on Thursday, August 11th. Zacks Investment Research lowered JD.com from a hold rating to a sell rating in a research report on Friday, June 24th. Finally, Goldman Sachs Group Inc. initiated coverage on JD.com in a research report on Monday, July 25th. They set a buy rating and a $31.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $31.44.
Shares of JD.com (NASDAQ:JD) traded down 1.369% during midday trading on Thursday, reaching $27.025. The company had a trading volume of 3,442,235 shares. JD.com has a 12-month low of $19.51 and a 12-month high of $33.48. The stock’s 50 day moving average is $26.20 and its 200-day moving average is $24.36. The stock’s market capitalization is $39.01 billion.
JD.com (NASDAQ:JD) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.32. The company earned $9.80 billion during the quarter, compared to analysts’ expectations 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 firm posted ($0.01) earnings per share. On average, equities research analysts predict that JD.com will post ($0.10) earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Temasek Holdings Private Ltd increased its stake in shares of JD.com by 19.8% in the first quarter. Temasek Holdings Private Ltd now owns 7,306,572 shares of the company’s stock valued at $193,624,000 after buying an additional 1,209,694 shares during the period. Hillhouse Capital Management Ltd. increased 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. BlackRock Fund Advisors increased its stake in shares of JD.com by 6.9% in the first quarter. BlackRock Fund Advisors now owns 2,228,706 shares of the company’s stock valued at $59,061,000 after buying an additional 143,430 shares during the period. Wellington Management Group LLP increased its stake in shares of JD.com by 18.5% in the first quarter. Wellington Management Group LLP now owns 1,340,855 shares of the company’s stock valued at $35,532,000 after buying an additional 209,759 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of JD.com by 3.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,038,084 shares of the company’s stock valued at $54,009,000 after buying an additional 76,239 shares during the period. 54.33% of the stock is owned by hedge funds and other institutional investors.
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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