Benchmark Reiterates “Buy” Rating for JD.com (NASDAQ:JD)

JD.com (NASDAQ:JD)‘s stock had its “buy” rating restated by research analysts at Benchmark in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $47.00 price objective on the information services provider’s stock. Benchmark’s price target indicates a potential upside of 15.93% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Sanford C. Bernstein dropped their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Barclays dropped their price target on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. Loop Capital dropped their target price on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Friday, June 21st. Finally, Susquehanna restated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.53.

JD.com Stock Up 0.9 %

JD.com stock opened at $40.54 on Tuesday. The business’s 50-day simple moving average is $31.94 and its two-hundred day simple moving average is $29.68. 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 has a market cap of $63.94 billion, a PE ratio of 18.51, a PEG ratio of 0.65 and a beta of 0.42. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. The company had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. JD.com’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. Equities analysts anticipate that JD.com will post 3.75 EPS for the current year.

Institutional Investors Weigh In On JD.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board boosted its stake in JD.com by 9.8% during the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after buying an additional 129,763 shares during the period. M&G Plc purchased a new position in shares of JD.com during the 1st quarter worth approximately $22,920,000. SG Americas Securities LLC increased its holdings in JD.com by 55.8% in the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after purchasing an additional 33,771 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in JD.com by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after purchasing an additional 63,800 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in JD.com by 103.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 62,002 shares of the information services provider’s stock worth $1,698,000 after purchasing an additional 31,563 shares in 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.