JD.com (JD) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of JD.com (NASDAQ: JD) recently:

• 8/19/2024 – JD.com had its “neutral” rating reaffirmed by analysts at Susquehanna. They now have a $28.00 price target on the stock.
• 8/17/2024 – JD.com was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 8/16/2024 – JD.com was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $36.00 price target on the stock, up previously from $33.00.
• 8/16/2024 – JD.com had its price target lowered by analysts at Sanford C. Bernstein from $35.00 to $32.00. They now have a “market perform” rating on the stock.
• 8/16/2024 – JD.com had its price target lowered by analysts at Benchmark Co. from $55.00 to $47.00. They now have a “buy” rating on the stock.
• 8/9/2024 – JD.com was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 7/16/2024 – JD.com had its price target lowered by analysts at Barclays PLC from $41.00 to $40.00. They now have an “overweight” rating on the stock.
• 6/29/2024 – JD.com was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.

JD.com Stock Performance

JD.com stock opened at $26.83 on Monday. The firm’s 50 day simple moving average is $26.88 and its 200-day simple moving average is $27.41. The company has a market cap of $42.31 billion, a P/E ratio of 12.25 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $35.69.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The firm had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that JD.com, Inc. will post 3.15 EPS for the current year.

Institutional Trading of JD.com

A number of institutional investors have recently added to or reduced their stakes in JD. International Assets Investment Management LLC boosted its holdings in shares of JD.com by 348.8% during the 4th quarter. International Assets Investment Management LLC now owns 31,346 shares of the information services provider’s stock worth $906,000 after buying an additional 24,361 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in JD.com by 27.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,308 shares of the information services provider’s stock valued at $500,000 after purchasing an additional 3,763 shares during the period. abrdn plc boosted its holdings in JD.com by 1.2% in the 4th quarter. abrdn plc now owns 53,544 shares of the information services provider’s stock valued at $1,547,000 after purchasing an additional 659 shares during the period. CWM LLC boosted its holdings in JD.com by 69.3% in the 4th quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock valued at $85,000 after purchasing an additional 1,208 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in JD.com by 52.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,009,990 shares of the information services provider’s stock valued at $57,867,000 after purchasing an additional 695,537 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.