Jefferies Group LLC Reiterates “Buy” Rating for JD.Com Inc (JD)

Jefferies Group LLC restated their buy rating on shares of JD.Com Inc (NASDAQ:JD) in a research report report published on Wednesday, May 10th. Jefferies Group LLC currently has a $40.00 target price on the information services provider’s stock.

Other research analysts have also recently issued research reports about the company. Pacific Crest started coverage on JD.Com in a research note on Wednesday, March 22nd. They issued an overweight rating and a $40.00 price target for the company. Benchmark Co. restated a buy rating and issued a $48.00 price target (up previously from $40.00) on shares of JD.Com in a research note on Tuesday, May 9th. Vetr upgraded JD.Com from a sell rating to a strong-buy rating and set a $36.18 price target for the company in a research note on Wednesday, March 22nd. Stifel Nicolaus upped their price objective on JD.Com from $38.00 to $45.00 and gave the company a buy rating in a research report on Tuesday, May 9th. Finally, Sanford C. Bernstein initiated coverage on JD.Com in a research report on Wednesday, January 11th. They set an underperform rating and a $21.00 price objective for the company. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. JD.Com currently has a consensus rating of Buy and an average target price of $36.32.

JD.Com (NASDAQ:JD) traded up 2.24% during mid-day trading on Wednesday, hitting $41.06. 12,501,170 shares of the stock were exchanged. The stock has a 50 day moving average price of $35.39 and a 200 day moving average price of $29.82. JD.Com has a 1-year low of $19.51 and a 1-year high of $41.72. The company’s market capitalization is $58.28 billion.

JD.Com (NASDAQ:JD) last released its earnings results on Monday, May 8th. The information services provider reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.13. JD.Com had a negative return on equity of 28.18% and a negative net margin of 4.18%. The business had revenue of $76.20 billion for the quarter, compared to the consensus estimate of $73.59 billion. During the same period in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 41.2% compared to the same quarter last year. On average, equities analysts anticipate that JD.Com will post $0.37 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in shares of JD.Com during the third quarter valued at $104,000. Nippon Life Insurance Co. increased its stake in shares of JD.Com by 38.7% in the third quarter. Nippon Life Insurance Co. now owns 4,197 shares of the information services provider’s stock valued at $109,000 after buying an additional 1,170 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of JD.Com by 27.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,034 shares of the information services provider’s stock valued at $154,000 after buying an additional 1,286 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of JD.Com during the first quarter valued at $242,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in JD.Com by 46.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,042 shares of the information services provider’s stock valued at $250,000 after buying an additional 2,542 shares during the last quarter. Hedge funds and other institutional investors own 49.74% of the company’s stock.

About JD.Com

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.

12 Month Chart for NASDAQ:JD

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