JD.com (NASDAQ:JD) Earns “Buy” Rating from Benchmark

JD.com (NASDAQ:JD)‘s stock had its “buy” rating reissued by stock analysts at Benchmark in a research note issued to investors on Friday,Benzinga reports. They currently have a $47.00 target price on the information services provider’s stock. Benchmark’s target price suggests a potential upside of 34.29% from the company’s current price.

A number of other equities analysts have also issued reports on JD. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and lowered their target price for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Sanford C. Bernstein lowered their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Barclays increased their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Stock Up 4.9 %

Shares of JD opened at $35.00 on Friday. The stock has a market capitalization of $55.20 billion, a PE ratio of 12.73, a P/E/G ratio of 0.40 and a beta of 0.41. JD.com has a 1 year low of $20.82 and a 1 year high of $47.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The company’s 50-day simple moving average is $37.35 and its 200-day simple moving average is $31.52.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating the consensus estimate of $0.79 by $8.57. The firm had revenue of $291.40 billion for the quarter, compared to analysts’ expectations 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 was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. Analysts forecast that JD.com will post 3.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JD.com

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atlas Capital Advisors LLC acquired a new position in shares of JD.com during the 2nd quarter worth $28,000. Allspring Global Investments Holdings LLC raised its stake in shares of JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after buying an additional 1,681 shares during the last quarter. Huntington National Bank raised its stake in shares of JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new position in shares of JD.com during the 3rd quarter worth $103,000. Finally, Blue Trust Inc. raised its stake in shares of JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after buying an additional 2,360 shares during the last quarter. Institutional investors and hedge funds 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.