HSBC Holdings plc reiterated their buy rating on shares of JD.com, Inc. (NASDAQ:JD) in a research note released on Tuesday morning. The brokerage currently has a $49.00 target price on the information services provider’s stock.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded JD.com from a hold rating to a buy rating and set a $45.00 price objective for the company in a research report on Tuesday, May 16th. Benchmark Co. restated a buy rating and issued a $48.00 price objective (up from $40.00) on shares of JD.com in a research report on Tuesday, May 9th. Vetr cut JD.com from a buy rating to a hold rating and set a $42.50 price objective for the company. in a research report on Wednesday, June 7th. Stifel Nicolaus boosted 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, Jefferies Group LLC restated a buy rating and issued a $40.00 price objective on shares of JD.com in a research report on Wednesday, May 10th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. JD.com currently has a consensus rating of Buy and a consensus target price of $42.24.
Shares of JD.com (NASDAQ JD) opened at 44.05 on Tuesday. JD.com has a 12-month low of $23.38 and a 12-month high of $48.99.
JD.com (NASDAQ:JD) last announced its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. JD.com had a negative return on equity of 1.57% and a negative net margin of 0.95%. The company had revenue of $93.20 billion during the quarter, compared to the consensus estimate of $89.35 billion. During the same period in the previous year, the company posted $0.29 earnings per share. JD.com’s revenue for the quarter was up 43.6% on a year-over-year basis. Equities analysts expect that JD.com will post $0.42 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of JD. Nomura Asset Management Co. Ltd. raised its position in JD.com by 1.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 81,264 shares of the information services provider’s stock valued at $2,528,000 after buying an additional 1,508 shares during the last quarter. BP PLC increased its stake in shares of JD.com by 18.0% in the first quarter. BP PLC now owns 464,046 shares of the information services provider’s stock valued at $14,436,000 after buying an additional 70,841 shares during the period. Vanguard Group Inc. increased its stake in shares of JD.com by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,482,847 shares of the information services provider’s stock valued at $108,351,000 after buying an additional 46,530 shares during the period. Russell Investments Group Ltd. increased its stake in shares of JD.com by 79.7% in the second quarter. Russell Investments Group Ltd. now owns 1,660,159 shares of the information services provider’s stock valued at $65,106,000 after buying an additional 736,545 shares during the period. Finally, Dai Ichi Life Insurance Company Ltd increased its stake in shares of JD.com by 3.0% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 179,613 shares of the information services provider’s stock valued at $5,588,000 after buying an additional 5,299 shares during the period. 48.97% of the stock is currently owned by hedge funds and other institutional investors.
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.
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