2 weeks Ago By Defense World Staff
JD.com ( NASDAQ:JD – Get Free Report ) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.
Other equities analysts have also issued research reports about the stock. Loop Capital reduced their target price on shares of JD.com from $35.
00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Sanford C.
Bernstein reduced their price objective on 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. Susquehanna reiterated a “neutral” rating and issued a $28.00 target price on shares of JD.
com in a research note on Monday, August 19th. Benchmark reduced their price target on JD.com from $55.
00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co.
raised shares of JD.com from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $36.
00 in a research report on Friday, August 16th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.
93. Read Our Latest Stock Report on JD.com JD.
com Trading Up 0.3 % JD.com ( NASDAQ:JD – Get Free Report ) last announced its quarterly earnings results on Thursday, August 15th.
The information services provider reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $8.
57. The company had revenue of $291.40 billion for 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% on a year-over-year basis. During the same quarter last year, the business earned $0.
68 EPS. On average, equities analysts predict that JD.com will post 3.
74 EPS for the current year. Hedge Funds Weigh In On JD.com Institutional investors have recently made changes to their positions in the stock.
FIL Ltd increased its holdings in shares of JD.com by 124.3% in the 4th quarter.
FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after acquiring an additional 3,441,605 shares during the period. Lazard Asset Management LLC increased its stake in shares of JD.com by 30.
7% in the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after purchasing an additional 1,368,356 shares during the period. Discerene Group LP raised its holdings in shares of JD.
com by 66.0% during the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock valued at $152,147,000 after buying an additional 2,207,619 shares during the last quarter.
Federated Hermes Inc. boosted its position in shares of JD.com by 16.
4% during the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock worth $110,601,000 after buying an additional 603,211 shares during the period.
Finally, Aspex Management HK Ltd bought a new position in JD.com in the 4th quarter worth approximately $114,009,000. 15.
98% of the stock is owned by institutional investors. JD.com Company Profile ( Get Free Report ) 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. See Also Five stocks we like better than JD.
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