MKM Partners cut shares of JD.Com Inc (NASDAQ:JD) from a buy rating to a neutral rating in a report released on Tuesday. They currently have $27.00 price objective on the stock, down from their prior price objective of $32.00.
Other research analysts have also recently issued reports about the company. Goldman Sachs Group Inc. reiterated a buy rating and issued a $31.00 price target on shares of JD.Com in a research note on Tuesday, June 21st. Brean Capital reiterated a buy rating on shares of JD.Com in a research note on Tuesday, June 21st. Vetr cut JD.Com from a strong-buy rating to a buy rating and set a $27.44 price target for the company. in a research note on Tuesday, May 31st. Finally, Citigroup Inc. reiterated a buy rating and issued a $32.00 price target (up from $31.00) on shares of JD.Com in a research note on Wednesday, August 10th. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $31.39.
Shares of JD.Com (NASDAQ:JD) traded down 0.08% during midday trading on Tuesday, hitting $25.83. The company had a trading volume of 2,360,157 shares. The stock’s market capitalization is $37.28 billion. JD.Com has a one year low of $19.51 and a one year high of $33.48. The stock’s 50-day moving average price is $25.02 and its 200-day moving average price is $24.35.
JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.32. The firm earned $9.80 billion during the quarter, compared to the consensus estimate of $9.81 billion. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The firm’s revenue was up 42.0% on a year-over-year basis. Analysts predict that JD.Com will post ($0.09) EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in JD. Advisor Group Inc. bought a new position in JD.Com during the second quarter worth about $103,000. KBC Group NV increased its position in JD.Com by 3.4% in the second quarter. KBC Group NV now owns 8,016 shares of the company’s stock worth $170,000 after buying an additional 264 shares during the period. Suntrust Banks Inc. increased its position in JD.Com by 3.6% in the second quarter. Suntrust Banks Inc. now owns 10,466 shares of the company’s stock worth $221,000 after buying an additional 366 shares during the period. Alpine Partners VI LLC bought a new position in JD.Com during the first quarter worth about $229,000. Finally, Seven Bridges Advisors LLC bought a new position in JD.Com during the second quarter worth about $234,000.
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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