JD.com, Inc. (JD) Lifted to “Buy” at UBS AG

UBS AG upgraded shares of JD.com, Inc. (NASDAQ:JD) from a neutral rating to a buy rating in a research note issued to investors on Monday morning, www.benzinga.com reports.

Several other analysts have also issued reports on JD. BidaskClub lowered shares of JD.com from a sell rating to a strong sell rating in a research report on Thursday, October 26th. KeyCorp set a $49.00 price target on shares of JD.com and gave the stock a buy rating in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of JD.com from a sell rating to a hold rating in a research report on Tuesday, October 17th. MKM Partners restated a buy rating and issued a $51.00 price target on shares of JD.com in a research report on Monday, October 2nd. Finally, Vetr lowered shares of JD.com from a strong-buy rating to a buy rating and set a $44.44 price target on the stock. in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $44.23.

JD.com (NASDAQ:JD) last posted its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The business had revenue of $93.20 billion for the quarter, compared to analyst estimates of $89.35 billion. During the same period last year, the business posted $0.29 EPS. JD.com’s revenue was up 43.6% compared to the same quarter last year.

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Institutional investors have recently modified their holdings of the company. Hosking Partners LLP boosted its position in shares of JD.com by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 1,081,565 shares of the information services provider’s stock valued at $42,419,000 after acquiring an additional 17,356 shares in the last quarter. BlackRock Inc. boosted its position in shares of JD.com by 0.8% during the 2nd quarter. BlackRock Inc. now owns 31,030,874 shares of the information services provider’s stock valued at $1,217,028,000 after acquiring an additional 260,994 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of JD.com by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,482,847 shares of the information services provider’s stock valued at $108,351,000 after acquiring an additional 46,530 shares in the last quarter. Airain ltd acquired a new stake in shares of JD.com during the 2nd quarter valued at about $2,306,000. Finally, FIL Ltd boosted its position in shares of JD.com by 36.1% during the 2nd quarter. FIL Ltd now owns 9,860,118 shares of the information services provider’s stock valued at $386,713,000 after acquiring an additional 2,616,886 shares in the last quarter. Institutional investors and hedge funds own 46.32% of the company’s stock.

JD.com Company Profile

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.

Analyst Recommendations for JD.com (NASDAQ:JD)

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