JD.com’s (JD) “Buy” Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of JD.com (NASDAQ:JD) in a research note issued to investors on Friday,Benzinga reports. They currently have a $47.00 price target on the information services provider’s stock.

A number of other research analysts also recently issued reports on the company. Susquehanna restated a “neutral” rating and set a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Barclays boosted their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Sanford C. Bernstein dropped their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Price Performance

Shares of NASDAQ JD traded up $1.65 during trading hours on Friday, reaching $35.00. 17,140,243 shares of the stock traded hands, compared to its average volume of 15,009,837. The company has a market capitalization of $55.20 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41. The company’s 50-day simple moving average is $37.35 and its two-hundred day simple moving average is $31.52. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $8.57. The business had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. Equities research analysts forecast that JD.com will post 3.74 EPS for the current year.

Hedge Funds Weigh In On JD.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Atlas Capital Advisors LLC purchased a new stake in shares of JD.com in the second quarter worth $28,000. Allspring Global Investments Holdings LLC lifted its position in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares in the last quarter. Huntington National Bank grew its position in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new stake in JD.com during the 3rd quarter valued at approximately $103,000. Finally, Blue Trust Inc. lifted its holdings in JD.com by 295.7% in the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after purchasing an additional 2,360 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.