Shares of JD.Com Inc (NASDAQ:JD) have been assigned an average rating of “Hold” from the twenty-three brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $32.52.
A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus lowered shares of JD.Com from a “buy” rating to a “hold” rating in a report on Monday, November 19th. Zacks Investment Research raised shares of JD.Com from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. BidaskClub raised shares of JD.Com from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 5th. Benchmark dropped their price objective on shares of JD.Com to $31.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. Finally, Nomura reissued a “neutral” rating and set a $24.00 price objective (down from $41.00) on shares of JD.Com in a report on Tuesday, November 20th.
A number of hedge funds have recently added to or reduced their stakes in JD. First Pacific Advisors LP raised its holdings in JD.Com by 454.8% in the 3rd quarter. First Pacific Advisors LP now owns 9,369,029 shares of the information services provider’s stock valued at $244,438,000 after acquiring an additional 7,680,288 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of JD.Com by 1,314.7% in the 3rd quarter. Federated Investors Inc. PA now owns 6,246,481 shares of the information services provider’s stock valued at $162,971,000 after buying an additional 5,804,936 shares during the period. Dodge & Cox grew its stake in shares of JD.Com by 20.2% in the 3rd quarter. Dodge & Cox now owns 31,986,772 shares of the information services provider’s stock valued at $834,535,000 after buying an additional 5,382,080 shares during the period. Nordea Investment Management AB purchased a new stake in shares of JD.Com in the 3rd quarter valued at approximately $96,830,000. Finally, Morgan Stanley grew its stake in shares of JD.Com by 50.8% in the 3rd quarter. Morgan Stanley now owns 9,170,799 shares of the information services provider’s stock valued at $239,266,000 after buying an additional 3,088,098 shares during the period. Institutional investors own 47.24% of the company’s stock.
JD.Com (NASDAQ:JD) last released its quarterly earnings results on Monday, November 19th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.06). JD.Com had a negative return on equity of 2.40% and a net margin of 0.31%. The firm had revenue of $104.77 billion during the quarter, compared to analysts’ expectations of $105.93 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. JD.Com’s revenue for the quarter was up 25.1% compared to the same quarter last year. On average, sell-side analysts predict that JD.Com will post 0.02 EPS for the current fiscal year.
JD.Com Company Profile
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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