JD.com, Inc. (JD) PT Raised to $52.00

JD.com, Inc. (NASDAQ:JD) had its price objective hoisted by Nomura from $49.00 to $52.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the information services provider’s stock. Nomura’s price objective indicates a potential upside of 32.15% from the stock’s previous close.

Several other equities analysts have also commented on the stock. MKM Partners raised shares of JD.com from a “neutral” rating to a “buy” rating and raised their target price for the company from $33.00 to $51.00 in a report on Wednesday, August 23rd. They noted that the move was a valuation call. UBS AG raised shares of JD.com from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. BidaskClub lowered shares of JD.com from a “sell” rating to a “strong sell” rating in a report on Thursday, October 26th. KeyCorp set a $49.00 target price on shares of JD.com and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, J P Morgan Chase & Co raised their target price on shares of JD.com to $55.00 and gave the company a “positive” rating in a report on Tuesday, August 15th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $45.50.

JD.com (JD) traded up $0.45 during trading hours on Tuesday, reaching $39.35. 19,456,400 shares of the company were exchanged, compared to its average volume of 11,211,949. JD.com has a 1-year low of $25.25 and a 1-year high of $48.99. The company has a market capitalization of $57,490.00, a price-to-earnings ratio of 1,945.00 and a beta of 1.40. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35.

JD.com (NASDAQ:JD) last released its earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. JD.com had a negative net margin of 0.29% and a positive return on equity of 0.89%. The firm had revenue of $93.20 billion for the quarter, compared to analyst estimates of $89.35 billion. During the same period last year, the firm earned $0.29 EPS. The business’s quarterly revenue was up 43.6% compared to the same quarter last year. analysts anticipate that JD.com will post -0.04 EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. Bessemer Group Inc. acquired a new stake in JD.com during the 3rd quarter worth approximately $101,000. Highstreet Asset Management Inc. acquired a new stake in JD.com during the 2nd quarter worth approximately $127,000. Advisor Group Inc. boosted its position in JD.com by 253.0% during the 3rd quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock worth $154,000 after buying an additional 2,907 shares during the period. IFP Advisors Inc boosted its position in JD.com by 585.2% during the 2nd 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 period. Finally, Suntrust Banks Inc. acquired a new stake in JD.com during the 2nd quarter worth approximately $207,000. Institutional investors and hedge funds own 46.62% 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.

Analyst Recommendations for JD.com (NASDAQ:JD)

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