JD.Com (NASDAQ:JD) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of JD.Com (NASDAQ:JD) in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $36.50 price objective on the information services provider’s stock.

A number of other research firms have also recently weighed in on JD. Credit Suisse Group reiterated an outperform rating on shares of JD.Com in a report on Wednesday, July 17th. Loop Capital initiated coverage on JD.Com in a report on Monday, June 3rd. They set a buy rating for the company. Stifel Nicolaus reiterated a hold rating and set a $32.00 price target on shares of JD.Com in a report on Friday, May 10th. JPMorgan Chase & Co. upgraded JD.Com from a neutral rating to an overweight rating and set a $30.55 price target for the company in a report on Tuesday, April 30th. Finally, Morgan Stanley increased their price target on JD.Com from $25.00 to $28.00 and gave the stock an in-line rating in a report on Monday, April 15th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. JD.Com currently has an average rating of Buy and a consensus price target of $31.47.

Shares of JD traded up $0.47 during midday trading on Monday, reaching $26.64. The company had a trading volume of 206,225 shares, compared to its average volume of 9,745,896. JD.Com has a 1-year low of $19.21 and a 1-year high of $36.80. The company has a market capitalization of $33.72 billion, a PE ratio of -886.00 and a beta of 1.42. The business has a 50 day simple moving average of $30.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.83.

JD.Com (NASDAQ:JD) last issued its earnings results on Friday, May 10th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.15. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. The business had revenue of $121.08 billion during the quarter, compared to the consensus estimate of $120.01 billion. During the same period last year, the company earned $0.71 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, sell-side analysts predict that JD.Com will post 0.51 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Bank Hapoalim BM raised its position in shares of JD.Com by 51.8% during the 2nd quarter. Bank Hapoalim BM now owns 16,312 shares of the information services provider’s stock worth $494,000 after acquiring an additional 5,567 shares in the last quarter. Matthews International Capital Management LLC raised its position in shares of JD.Com by 32.8% during the 2nd quarter. Matthews International Capital Management LLC now owns 545,879 shares of the information services provider’s stock worth $16,535,000 after acquiring an additional 134,900 shares in the last quarter. SlateStone Wealth LLC acquired a new stake in shares of JD.Com during the 2nd quarter worth about $204,000. National Asset Management Inc. acquired a new stake in shares of JD.Com during the 2nd quarter worth about $398,000. Finally, Parallel Advisors LLC raised its position in shares of JD.Com by 17.9% during the 2nd quarter. Parallel Advisors LLC now owns 4,222 shares of the information services provider’s stock worth $128,000 after acquiring an additional 640 shares in the last quarter. Institutional investors own 48.78% of the company’s stock.

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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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