HSBC Holdings plc reissued their buy rating on shares of JD.com, Inc. (NASDAQ:JD) in a research report report published on Tuesday morning. HSBC Holdings plc currently has a $49.00 price target on the information services provider’s stock.
Several other brokerages have also weighed in on JD. Zacks Investment Research upgraded shares of JD.com from a hold rating to a buy rating and set a $45.00 target price on the stock in a research report on Tuesday, May 16th. Benchmark Co. reiterated a buy rating and set a $48.00 target price (up from $40.00) on shares of JD.com in a research report on Tuesday, May 9th. Vetr lowered shares of JD.com from a buy rating to a hold rating and set a $42.50 target price on the stock. in a research report on Wednesday, June 7th. Stifel Nicolaus lifted their target price on shares of JD.com from $38.00 to $45.00 and gave the company a buy rating in a research report on Tuesday, May 9th. Finally, Jefferies Group LLC reiterated a buy rating and set a $40.00 target price on shares of JD.com in a research report on Wednesday, May 10th. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. JD.com has an average rating of Buy and an average target price of $42.24.
Shares of JD.com (NASDAQ JD) opened at 40.13 on Tuesday. JD.com has a 52 week low of $23.38 and a 52 week 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 for the quarter, meeting the consensus estimate of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The business had revenue of $93.20 billion for the quarter, compared to analyst estimates of $89.35 billion. During the same period in the previous year, the business earned $0.29 EPS. The firm’s revenue was up 43.6% on a year-over-year basis. Equities research analysts forecast that JD.com will post $0.44 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Highstreet Asset Management Inc. bought a new position in shares of JD.com during the second quarter worth about $127,000. IFP Advisors Inc raised 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. Envestnet Asset Management Inc. raised its position in shares of JD.com by 7.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock worth $202,000 after buying an additional 464 shares during the last quarter. Suntrust Banks Inc. bought a new position in shares of JD.com during the second quarter worth about $207,000. Finally, Bfsg LLC bought a new position in shares of JD.com during the second quarter worth about $222,000. Hedge funds and other institutional investors own 48.97% of the company’s stock.
JD.com Company Profile
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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