JD.Com (NASDAQ:JD) Receives “Buy” Rating from Citigroup

Citigroup reaffirmed their buy rating on shares of JD.Com (NASDAQ:JD) in a research report sent to investors on Wednesday morning, The Fly reports. The firm currently has a $43.00 target price on the information services provider’s stock, up from their previous target price of $41.00.

A number of other research analysts also recently weighed in on the company. BidaskClub downgraded JD.Com from a buy rating to a hold rating in a report on Thursday, August 1st. Loop Capital started coverage on JD.Com in a report on Monday, June 3rd. They set a buy rating on the stock. CICC Research upgraded JD.Com from a hold rating to a buy rating and set a $27.66 target price on the stock in a report on Monday, May 13th. Stifel Nicolaus reiterated a hold rating and set a $35.00 target price on shares of JD.Com in a report on Tuesday, August 13th. Finally, TheStreet upgraded JD.Com from a d+ rating to a c rating in a report on Friday, May 10th. Eleven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $32.58.

JD stock opened at $31.29 on Wednesday. JD.Com has a fifty-two week low of $19.21 and a fifty-two week high of $33.60. The business’s 50 day moving average price is $30.07 and its two-hundred day moving average price is $28.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.49 and a current ratio of 0.91. The company has a market capitalization of $36.31 billion, a price-to-earnings ratio of 61.55 and a beta of 1.42.

JD.Com (NASDAQ:JD) last posted its earnings results on Tuesday, August 13th. The information services provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.18. JD.Com had a return on equity of 7.72% and a net margin of 1.23%. The firm had revenue of $150.28 billion for the quarter, compared to the consensus estimate of $147.44 billion. During the same quarter in the prior year, the business earned $0.33 EPS. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. Sell-side analysts forecast that JD.Com will post 0.77 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Rehmann Capital Advisory Group lifted its position in JD.Com by 233.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 2,132 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 1,493 shares in the last quarter. Synovus Financial Corp lifted its position in JD.Com by 50.5% in the 1st quarter. Synovus Financial Corp now owns 2,146 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 720 shares in the last quarter. Marshall Wace North America L.P. bought a new position in JD.Com in the 1st quarter valued at approximately $22,173,000. Thoroughbred Financial Services LLC lifted its position in JD.Com by 43.0% in the 1st quarter. Thoroughbred Financial Services LLC now owns 22,895 shares of the information services provider’s stock valued at $690,000 after acquiring an additional 6,887 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its position in JD.Com by 23.3% in the 1st quarter. Wetherby Asset Management Inc. now owns 16,010 shares of the information services provider’s stock valued at $483,000 after acquiring an additional 3,023 shares in the last quarter. 48.93% of the stock is currently owned by hedge funds and other institutional investors.

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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The Fly

Analyst Recommendations for JD.Com (NASDAQ:JD)

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