JD.com, Inc. (NASDAQ:JD) had its price target boosted by stock analysts at Nomura from $49.00 to $52.00 in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the information services provider’s stock. Nomura’s price objective would indicate a potential upside of 31.91% from the stock’s previous close.
A number of other research analysts also recently weighed in on JD. Bank of America Corporation reiterated a “buy” rating and set a $53.00 price target (up previously from $46.00) on shares of JD.com in a report on Wednesday, August 9th. Vetr upgraded JD.com from a “hold” rating to a “buy” rating and set a $45.83 price target on the stock in a report on Friday, September 22nd. UBS AG reiterated a “neutral” rating and set a $41.00 price target on shares of JD.com in a report on Monday, August 14th. BidaskClub downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. Finally, J P Morgan Chase & Co lifted their price target on JD.com to $55.00 and gave the company a “positive” rating in a report on Tuesday, August 15th. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. JD.com currently has a consensus rating of “Buy” and a consensus price target of $45.76.
Shares of JD.com (NASDAQ JD) traded down $1.92 during midday trading on Tuesday, hitting $39.42. The company had a trading volume of 13,485,243 shares, compared to its average volume of 11,047,893. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 1.20. JD.com has a twelve month low of $23.38 and a twelve month high of $48.99.
JD.com (NASDAQ:JD) last issued its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. The business had revenue of $93.20 billion for the quarter, compared to analysts’ expectations of $89.35 billion. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The company’s quarterly revenue was up 43.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS. research analysts expect that JD.com will post -0.04 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in JD. Bessemer Group Inc. acquired a new stake in shares of JD.com in the third quarter worth about $101,000. Highstreet Asset Management Inc. acquired a new stake in shares of JD.com in the second quarter worth about $127,000. Advisor Group Inc. lifted its position in shares of JD.com by 253.0% in the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock worth $154,000 after buying an additional 2,907 shares during the last quarter. IFP Advisors Inc lifted its position in shares of JD.com by 585.2% in the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock worth $192,000 after buying an additional 4,184 shares during the last quarter. Finally, Bank Pictet & Cie Asia Ltd. acquired a new stake in shares of JD.com in the third quarter worth about $206,000. 46.62% of the stock is owned by hedge funds and other institutional investors.
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.
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