JD.Com (JD) Given New $41.00 Price Target at MKM Partners

JD.Com (NASDAQ:JD) had its price target reduced by MKM Partners to $41.00 in a report published on Monday, The Fly reports. They currently have a buy rating on the information services provider’s stock.

JD has been the topic of several other reports. Zacks Investment Research downgraded JD.Com from a buy rating to a hold rating in a report on Wednesday, September 19th. CLSA downgraded JD.Com from an outperform rating to an underperform rating and set a $29.00 target price on the stock. in a report on Thursday, September 20th. BidaskClub raised JD.Com from a strong sell rating to a sell rating in a report on Wednesday, June 6th. Benchmark dropped their target price on JD.Com from $48.00 to $43.00 and set a buy rating on the stock in a report on Friday, August 17th. Finally, BNP Paribas started coverage on JD.Com in a report on Thursday, June 14th. They issued a hold rating on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $40.59.

NASDAQ JD opened at $24.51 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.66 and a debt-to-equity ratio of 0.17. JD.Com has a twelve month low of $24.38 and a twelve month high of $50.68.

JD.Com (NASDAQ:JD) last released its quarterly earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.35. JD.Com had a negative return on equity of 0.96% and a negative net margin of 0.12%. The company had revenue of $122.30 billion for the quarter, compared to analyst estimates of $122.78 billion. During the same period in the previous year, the company posted $0.67 earnings per share. The firm’s revenue was up 31.2% on a year-over-year basis. analysts forecast that JD.Com will post 0.29 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of JD.Com by 69.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,347 shares of the information services provider’s stock worth $130,000 after purchasing an additional 1,375 shares during the last quarter. Canal Capital Management LLC increased its position in JD.Com by 20.6% during the second quarter. Canal Capital Management LLC now owns 8,887 shares of the information services provider’s stock valued at $346,000 after acquiring an additional 1,516 shares during the last quarter. Creative Planning increased its position in JD.Com by 4.5% during the second quarter. Creative Planning now owns 36,065 shares of the information services provider’s stock valued at $1,405,000 after acquiring an additional 1,554 shares during the last quarter. Centaurus Financial Inc. increased its position in JD.Com by 57.1% during the second quarter. Centaurus Financial Inc. now owns 4,417 shares of the information services provider’s stock valued at $172,000 after acquiring an additional 1,606 shares during the last quarter. Finally, GAM Holding AG increased its position in JD.Com by 0.4% during the second quarter. GAM Holding AG now owns 371,723 shares of the information services provider’s stock valued at $14,479,000 after acquiring an additional 1,660 shares during the last quarter. Hedge funds and other institutional investors own 51.17% of the company’s stock.

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 Mall 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; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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