Barclays Initiates Coverage on JD.Com (NASDAQ:JD)

Stock analysts at Barclays began coverage on shares of JD.Com (NASDAQ:JD) in a report issued on Monday, Marketbeat Ratings reports. The brokerage set an “equal weight” rating and a $36.00 price target on the information services provider’s stock. Barclays‘s price objective indicates a potential upside of 14.58% from the company’s previous close.

A number of other research analysts also recently commented on JD. Loop Capital started coverage on shares of JD.Com in a report on Monday, June 3rd. They issued a “buy” rating for the company. Citigroup reaffirmed a “buy” rating and issued a $43.00 price target (up previously from $41.00) on shares of JD.Com in a report on Wednesday, August 14th. Mizuho increased their price target on shares of JD.Com from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Zacks Investment Research downgraded shares of JD.Com from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, CICC Research raised shares of JD.Com from a “hold” rating to a “buy” rating and set a $27.66 price objective for the company in a research note on Monday, May 13th. Eleven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. JD.Com has an average rating of “Buy” and a consensus price target of $32.82.

Shares of NASDAQ:JD opened at $31.42 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.19. JD.Com has a 12 month low of $19.21 and a 12 month high of $33.60. The company has a 50-day moving average price of $30.14 and a 200 day moving average price of $28.51. The company has a market cap of $37.83 billion, a price-to-earnings ratio of -1,047.33 and a beta of 1.42.

JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.18. JD.Com had a net margin of 1.23% and a return on equity of 7.72%. The firm had revenue of $150.28 billion during the quarter, compared to the consensus estimate of $147.44 billion. During the same quarter last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, equities analysts forecast that JD.Com will post 0.77 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Canal Capital Management LLC raised its stake in shares of JD.Com by 1.6% during the first quarter. Canal Capital Management LLC now owns 21,789 shares of the information services provider’s stock valued at $657,000 after acquiring an additional 335 shares in the last quarter. American International Group Inc. raised its stake in shares of JD.Com by 0.6% during the first quarter. American International Group Inc. now owns 67,486 shares of the information services provider’s stock valued at $2,035,000 after acquiring an additional 374 shares in the last quarter. CWM Advisors LLC raised its stake in shares of JD.Com by 2.5% during the second quarter. CWM Advisors LLC now owns 16,930 shares of the information services provider’s stock valued at $513,000 after acquiring an additional 407 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of JD.Com by 1.4% during the second quarter. Crossmark Global Holdings Inc. now owns 31,397 shares of the information services provider’s stock valued at $951,000 after acquiring an additional 420 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in JD.Com by 11.8% during the second quarter. Signaturefd LLC now owns 4,397 shares of the information services provider’s stock valued at $133,000 after buying an additional 465 shares during the period. 47.99% of the stock is owned by institutional investors and hedge funds.

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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