JD.Com (JD) Announces Earnings Results

JD.Com (NASDAQ:JD) posted its earnings results on Friday. The information services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.15, Morningstar.com reports. JD.Com had a negative return on equity of 1.26% and a negative net margin of 0.51%. The business had revenue of $121.08 billion for the quarter, compared to analysts’ expectations of $120.01 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business’s revenue was up 20.9% compared to the same quarter last year. JD.Com updated its Q2 2019 guidance to EPS.

JD traded up $0.66 during trading on Friday, reaching $28.17. The company’s stock had a trading volume of 57,491,752 shares, compared to its average volume of 15,464,893. JD.Com has a 52-week low of $19.21 and a 52-week high of $45.23. The firm has a market capitalization of $33.12 billion, a PE ratio of -939.00 and a beta of 1.30. The company has a current ratio of 0.87, a quick ratio of 0.50 and a debt-to-equity ratio of 0.16.

JD has been the topic of a number of research analyst reports. Sanford C. Bernstein reiterated a “mkt perform” rating on shares of JD.Com in a research report on Monday, January 14th. Zacks Investment Research cut JD.Com from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Macquarie set a $22.00 target price on JD.Com and gave the stock a “hold” rating in a research report on Friday, January 25th. UBS Group cut JD.Com from a “buy” rating to a “neutral” rating in a research report on Thursday, January 31st. Finally, ValuEngine raised JD.Com from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $32.15.

Institutional investors and hedge funds have recently made changes to their positions in the business. Hillhouse Capital Advisors Ltd. acquired a new stake in shares of JD.Com during the 4th quarter valued at approximately $314,813,000. Norges Bank acquired a new stake in shares of JD.Com during the 4th quarter valued at approximately $199,040,000. Carmignac Gestion lifted its position in shares of JD.Com by 1,472.3% during the 4th quarter. Carmignac Gestion now owns 7,702,694 shares of the information services provider’s stock valued at $161,217,000 after acquiring an additional 7,212,802 shares during the period. Federated Investors Inc. PA lifted its position in shares of JD.Com by 1,314.7% during the 3rd quarter. Federated Investors Inc. PA now owns 6,246,481 shares of the information services provider’s stock valued at $162,971,000 after acquiring an additional 5,804,936 shares during the period. Finally, BlackRock Inc. lifted its position in shares of JD.Com by 11.6% during the 1st quarter. BlackRock Inc. now owns 39,266,220 shares of the information services provider’s stock valued at $1,183,877,000 after acquiring an additional 4,066,194 shares during the period. 47.91% of the stock is currently owned by institutional investors.

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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 Mall 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; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

Further Reading: Dow Jones Industrial Average (DJIA)

Earnings History for JD.Com (NASDAQ:JD)

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