According to Zacks, “JD.com, Inc. operates as an online direct sales company in China. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China. “
JD has been the subject of several other reports. Loop Capital began coverage on JD.Com in a research note on Monday, June 3rd. They set a buy rating for the company. JPMorgan Chase & Co. upgraded JD.Com from a neutral rating to an overweight rating and set a $30.55 price target for the company in a research note on Tuesday, April 30th. Nomura upgraded JD.Com from a neutral rating to a buy rating and set a $29.81 target price for the company in a research note on Wednesday, May 15th. Jefferies Financial Group started coverage on JD.Com in a research note on Monday, August 5th. They issued a buy rating and a $36.50 target price for the company. Finally, TheStreet upgraded JD.Com from a d+ rating to a c rating in a research note on Friday, May 10th. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $32.58.
JD.Com (NASDAQ:JD) last released its earnings results on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.18. The firm had revenue of $150.28 billion during the quarter, compared to analyst estimates of $147.44 billion. JD.Com had a return on equity of 7.93% and a net margin of 1.23%. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, sell-side analysts anticipate that JD.Com will post 0.54 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Prudential PLC lifted its holdings in shares of JD.Com by 33.8% in the 2nd quarter. Prudential PLC now owns 1,159,547 shares of the information services provider’s stock worth $35,123,000 after purchasing an additional 293,232 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of JD.Com in the 2nd quarter worth approximately $1,117,000. WealthStone Inc. bought a new stake in shares of JD.Com in the 2nd quarter worth approximately $28,000. York Capital Management Global Advisors LLC lifted its holdings in shares of JD.Com by 86.8% in the 2nd quarter. York Capital Management Global Advisors LLC now owns 1,109,496 shares of the information services provider’s stock worth $33,607,000 after purchasing an additional 515,706 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of JD.Com in the 2nd quarter worth approximately $57,200,000. 48.93% of the stock is currently owned by institutional investors.
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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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