JD.com (NASDAQ:JD) Posts Quarterly Earnings Results

JD.com (NASDAQ:JD – Get Rating) announced its earnings results on Tuesday. The information services provider reported $2.53 EPS for the quarter, topping the consensus estimate of $0.19 by $2.34, Briefing.com reports. The company had revenue of $239.66 billion during the quarter, compared to analysts’ expectations of $235.73 billion. JD.com had a negative net margin of 0.39% and a positive return on equity of 3.92%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share.

Shares of JD.com stock opened at $51.08 on Thursday. The firm has a fifty day simple moving average of $57.10 and a 200-day simple moving average of $68.68. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. JD.com has a 1-year low of $41.56 and a 1-year high of $92.69. The stock has a market capitalization of $68.85 billion, a price-to-earnings ratio of -50.20 and a beta of 0.57.

The company also recently disclosed a — dividend, which will be paid on Tuesday, June 14th. Stockholders of record on Friday, May 20th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Thursday, May 19th.

JD has been the subject of a number of research analyst reports. CLSA reduced their price target on shares of JD.com from $108.00 to $100.00 in a research report on Wednesday, April 13th. Mizuho reduced their price target on shares of JD.com from $100.00 to $90.00 in a research report on Monday, May 2nd. Susquehanna reduced their price target on shares of JD.com from $66.00 to $55.00 in a research report on Thursday. Barclays reduced their price target on shares of JD.com from $103.00 to $99.00 and set an “overweight” rating for the company in a research report on Friday, March 11th. Finally, Citigroup reduced their price target on shares of JD.com from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Friday, March 11th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $89.69.

Institutional investors have recently modified their holdings of the company. Atria Wealth Solutions Inc. acquired a new stake in shares of JD.com in the first quarter worth $759,000. Mariner LLC lifted its stake in shares of JD.com by 15.1% in the first quarter. Mariner LLC now owns 12,046 shares of the information services provider’s stock worth $697,000 after buying an additional 1,583 shares during the last quarter. Wahed Invest LLC acquired a new stake in shares of JD.com in the first quarter worth $635,000. Cetera Investment Advisers lifted its stake in shares of JD.com by 16.9% in the first quarter. Cetera Investment Advisers now owns 7,776 shares of the information services provider’s stock worth $450,000 after buying an additional 1,125 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in JD.com by 14.9% during the first quarter. Evergreen Capital Management LLC now owns 5,889 shares of the information services provider’s stock worth $341,000 after acquiring an additional 763 shares during the period. Institutional investors and hedge funds own 31.57% of the company’s stock.

About JD.com (Get Rating)

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, books, automobile accessories, apparel and footwear, bags, and jewelry.

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