JD.Com Inc (JD) Stock Rating Reaffirmed by Instinet

JD.Com Inc (NASDAQ:JD)‘s stock had its “buy” rating reiterated by Instinet in a report released on Wednesday, May 10th. They currently have a $37.00 target price on the information services provider’s stock. Instinet’s target price would indicate a potential downside of 9.89% from the stock’s previous close.

Several other research firms also recently commented on JD. Pacific Crest started coverage on JD.Com in a report on Wednesday, March 22nd. They issued an “overweight” rating and a $40.00 target price on the stock. Benchmark Co. restated a “buy” rating and issued a $48.00 price target (up previously from $40.00) on shares of JD.Com in a research note on Tuesday, May 9th. Vetr upgraded JD.Com from a “sell” rating to a “strong-buy” rating and set a $36.18 price target for the company in a research note on Wednesday, March 22nd. Stifel Nicolaus upped their price objective on JD.Com from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Finally, Sanford C. Bernstein began coverage on JD.Com in a research report on Wednesday, January 11th. They set an “underperform” rating and a $21.00 price objective for the company. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $36.32.

Analyst Recommendations for JD.Com (NASDAQ:JD)

JD.Com (NASDAQ:JD) traded up 2.24% during mid-day trading on Wednesday, hitting $41.06. 12,501,170 shares of the stock were exchanged. The company’s market capitalization is $58.28 billion. The stock has a 50 day moving average price of $35.39 and a 200 day moving average price of $29.82. JD.Com has a 1-year low of $19.51 and a 1-year high of $41.72.

JD.Com (NASDAQ:JD) last released its earnings results on Monday, May 8th. The information services provider reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.13. JD.Com had a negative return on equity of 28.18% and a negative net margin of 4.18%. The business had revenue of $76.20 billion for the quarter, compared to the consensus estimate of $73.59 billion. During the same period in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 41.2% compared to the same quarter last year. On average, equities analysts anticipate that JD.Com will post $0.37 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JD. Nordea Investment Management AB boosted its stake in shares of JD.Com by 26.2% in the third quarter. Nordea Investment Management AB now owns 4,187,032 shares of the information services provider’s stock valued at $109,240,000 after buying an additional 869,198 shares during the period. Strs Ohio boosted its stake in shares of JD.Com by 42.9% in the third quarter. Strs Ohio now owns 80,300 shares of the information services provider’s stock valued at $2,095,000 after buying an additional 24,100 shares during the period. Scopia Capital Management LP bought a new stake in shares of JD.Com during the third quarter valued at about $226,804,000. AlpInvest Partners B.V. bought a new stake in shares of JD.Com during the fourth quarter valued at about $1,350,000. Finally, Dodge & Cox bought a new stake in shares of JD.Com during the fourth quarter valued at about $1,051,612,000. Institutional investors own 49.74% of the company’s stock.

About JD.Com

JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.

12 Month Chart for NASDAQ:JD

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