Benchmark Reaffirms Buy Rating for JD.com (NASDAQ:JD)

JD.com (NASDAQ:JD)‘s stock had its “buy” rating reissued by equities research analysts at Benchmark in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $55.00 price objective on the information services provider’s stock. Benchmark’s price objective would indicate a potential upside of 121.42% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Mizuho raised their price objective on JD.com from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Citigroup reduced their price objective on JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Susquehanna reduced their price objective on JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, April 5th. JPMorgan Chase & Co. upped their price objective on JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Finally, HSBC upped their price objective on JD.com from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.07.

JD.com Price Performance

NASDAQ:JD traded down $0.58 during trading hours on Tuesday, hitting $24.84. The company’s stock had a trading volume of 1,802,419 shares, compared to its average volume of 14,791,785. The stock has a fifty day simple moving average of $25.20 and a 200-day simple moving average of $25.93. The company has a market capitalization of $39.18 billion, a P/E ratio of 11.66, a PEG ratio of 0.20 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.90. JD.com has a twelve month low of $20.82 and a twelve month high of $41.95.

JD.com (NASDAQ:JD) last posted its earnings results on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, beating the consensus estimate of $0.56 by $4.74. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The firm had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts anticipate that JD.com will post 2.85 EPS for the current fiscal year.

Institutional Investors Weigh In On JD.com

Institutional investors and hedge funds have recently bought and sold shares of the business. O Dell Group LLC purchased a new position in JD.com during the fourth quarter valued at $40,000. China Universal Asset Management Co. Ltd. raised its stake in JD.com by 146.3% during the third quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider’s stock valued at $51,000 after buying an additional 1,042 shares during the last quarter. Mizuho Securities Co. Ltd. increased its holdings in shares of JD.com by 468.8% in the 3rd quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock worth $53,000 after purchasing an additional 1,500 shares in the last quarter. Ronald Blue Trust Inc. increased its holdings in shares of JD.com by 28.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,883 shares of the information services provider’s stock worth $55,000 after purchasing an additional 416 shares in the last quarter. Finally, First Manhattan Co. increased its holdings in shares of JD.com by 32.5% in the 4th quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock worth $56,000 after purchasing an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

About JD.com

JD.com, Inc provides supply chain-based technologies and services in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.