JD.com, Inc. (NASDAQ:JD) Receives Average Recommendation of “Buy” from Brokerages

JD.com, Inc. (NASDAQ:JD – Get Rating) has earned an average rating of “Buy” from the nineteen analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $96.29.

JD has been the subject of several recent research reports. Citigroup decreased their price objective on JD.com from $109.00 to $99.00 and set a “buy” rating for the company in a report on Friday, March 11th. JPMorgan Chase & Co. lowered shares of JD.com from an “overweight” rating to an “underweight” rating in a research report on Monday, March 14th. Atlantic Securities initiated coverage on shares of JD.com in a report on Tuesday, January 11th. They issued an “overweight” rating and a $100.00 price objective for the company. Zacks Investment Research cut shares of JD.com from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, January 20th. Finally, Barclays cut their price target on JD.com from $103.00 to $99.00 and set an “overweight” rating for the company in a report on Friday, March 11th.

Shares of NASDAQ:JD opened at $56.56 on Friday. The company has a market capitalization of $75.61 billion, a P/E ratio of -148.84 and a beta of 0.65. The company’s 50-day moving average is $64.39 and its 200 day moving average is $72.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.35. JD.com has a fifty-two week low of $41.56 and a fifty-two week high of $92.69.

JD.com (NASDAQ:JD – Get Rating) last released its earnings results on Thursday, March 10th. The information services provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). JD.com had a negative net margin of 0.39% and a positive return on equity of 3.92%. The company had revenue of $275.91 billion during the quarter, compared to analysts’ expectations of $273.82 billion. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The firm’s revenue was up 23.0% compared to the same quarter last year. As a group, research analysts predict that JD.com will post 1.34 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of JD. Davis Selected Advisers grew its position in JD.com by 255.5% during the 3rd quarter. Davis Selected Advisers now owns 11,932,842 shares of the information services provider’s stock worth $862,029,000 after acquiring an additional 8,575,990 shares during the last quarter. Coatue Management LLC boosted its stake in shares of JD.com by 835.6% during the third quarter. Coatue Management LLC now owns 8,148,654 shares of the information services provider’s stock valued at $588,659,000 after purchasing an additional 7,277,722 shares during the period. Krane Funds Advisors LLC grew its holdings in shares of JD.com by 116.2% in the third quarter. Krane Funds Advisors LLC now owns 7,846,761 shares of the information services provider’s stock worth $566,850,000 after purchasing an additional 4,217,735 shares during the last quarter. E Fund Management Co. Ltd. purchased a new position in shares of JD.com in the third quarter worth $216,391,000. Finally, GQG Partners LLC raised its holdings in JD.com by 143.5% during the 4th quarter. GQG Partners LLC now owns 4,869,736 shares of the information services provider’s stock valued at $341,177,000 after buying an additional 2,869,837 shares during the last quarter. 72.87% of the stock is owned by institutional investors and hedge funds.

About JD.com (Get Rating)

JD.com, Inc provides supply chain-based technologies and services in the People's Republic of China. It operates through three segments: JD Retail, JD Logistics, and New Businesses. 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, books, automobile accessories, apparel and footwear, bags, and jewelry.

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