JD.com (NASDAQ:JD) Given “Buy” Rating at Benchmark

Benchmark reissued their buy rating on shares of JD.com (NASDAQ:JD) in a report released on Tuesday morning, Benzinga reports. They currently have a $47.00 target price on the information services provider’s stock.

JD has been the subject of several other research reports. Barclays reduced their price target on shares of JD.com from $41.00 to $40.00 and set an overweight rating for the company in a report on Tuesday, July 16th. Susquehanna reiterated a neutral rating and issued a $28.00 price target on shares of JD.com in a report on Monday, August 19th. JPMorgan Chase & Co. upgraded shares of JD.com from a neutral rating to an overweight rating and upped their price target for the company from $33.00 to $36.00 in a report on Friday, August 16th. StockNews.com cut shares of JD.com from a strong-buy rating to a buy rating in a report on Tuesday, October 8th. Finally, Loop Capital cut their price objective on shares of JD.com from $35.00 to $31.00 and set a hold rating on the stock in a research report on Friday, June 21st. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $36.93.

JD.com Stock Down 9.0 %

Shares of NASDAQ JD opened at $40.16 on Tuesday. The stock has a market cap of $63.34 billion, a P/E ratio of 18.34, a P/E/G ratio of 0.65 and a beta of 0.42. The firm has a 50 day moving average price of $31.64 and a 200 day moving average price of $29.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82.

JD.com (NASDAQ:JD) last released its quarterly 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 company had revenue of $291.40 billion during 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 business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. Analysts expect that JD.com will post 3.75 EPS for the current year.

Institutional Trading of JD.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new position in shares of JD.com in the second quarter valued at $28,000. Allspring Global Investments Holdings LLC increased its holdings in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC acquired a new position in shares of JD.com in the first quarter valued at $58,000. Advisors Preferred LLC acquired a new position in shares of JD.com in the first quarter valued at $126,000. Finally, Unique Wealth Strategies LLC acquired a new position in shares of JD.com in the second quarter valued at $172,000. 15.98% of the stock is owned by institutional investors.

About JD.com

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.