Barclays assumed coverage on shares of JD.Com (NASDAQ:JD) in a research note published on Monday morning, BenzingaRatingsTable reports. The firm issued an equal weight rating and a $36.00 target price on the information services provider’s stock.
JD has been the topic of several other research reports. Nomura upgraded JD.Com from a neutral rating to a buy rating and set a $29.81 price objective on the stock in a research note on Wednesday, May 15th. JPMorgan Chase & Co. upgraded JD.Com from a neutral rating to an overweight rating and set a $30.55 price objective on the stock in a research note on Tuesday, April 30th. Mizuho upped their price objective on JD.Com from $28.00 to $31.00 and gave the company a neutral rating in a research note on Wednesday, August 14th. BidaskClub lowered JD.Com from a buy rating to a hold rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research lowered JD.Com from a buy rating to a hold rating in a research note on Wednesday, August 14th. Eleven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. JD.Com presently has an average rating of Buy and a consensus price target of $32.82.
NASDAQ:JD opened at $30.74 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $30.13 and its two-hundred day moving average price is $28.54. The firm has a market capitalization of $37.67 billion, a price-to-earnings ratio of -1,024.67 and a beta of 1.42. JD.Com has a 12-month low of $19.21 and a 12-month high of $33.05.
JD.Com (NASDAQ:JD) last released its quarterly earnings data on Tuesday, August 13th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.18. The firm had revenue of $150.28 billion for the quarter, compared to analyst estimates of $147.44 billion. JD.Com had a return on equity of 7.72% and a net margin of 1.23%. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. Equities research analysts expect that JD.Com will post 0.77 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. NEXT Financial Group Inc bought a new position in JD.Com during the 2nd quarter worth $25,000. CWM LLC bought a new position in JD.Com during the 2nd quarter worth $26,000. WealthStone Inc. bought a new position in JD.Com during the 2nd quarter worth $28,000. Ropes Wealth Advisors LLC bought a new position in JD.Com during the 2nd quarter worth $30,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in JD.Com during the 1st quarter worth $51,000. Hedge funds and other institutional investors own 47.99% of the company’s stock.
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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