UBS Group Reiterates “$28.00” Price Target for JD.Com (JD)

UBS Group set a $28.00 target price on JD.Com (NASDAQ:JD) in a research note issued to investors on Friday, The Fly reports. The brokerage currently has a buy rating on the information services provider’s stock.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of JD.Com from a hold rating to a buy rating and set a $27.00 price objective on the stock in a research note on Thursday, September 27th. MKM Partners lowered their price objective on shares of JD.Com to $41.00 and set a buy rating on the stock in a research note on Monday, September 24th. CLSA cut shares of JD.Com from an outperform rating to an underperform rating and set a $29.00 price objective on the stock. in a research note on Thursday, September 20th. Morgan Stanley reaffirmed a hold rating and issued a $25.00 price objective on shares of JD.Com in a research note on Monday, September 17th. Finally, Susquehanna Bancshares started coverage on shares of JD.Com in a research note on Friday, September 7th. They issued a neutral rating and a $30.00 price objective on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $39.16.

Shares of JD traded up $0.97 during mid-day trading on Friday, hitting $24.45. The company’s stock had a trading volume of 20,189,141 shares, compared to its average volume of 15,541,153. The stock has a market capitalization of $31.41 billion, a P/E ratio of 2,445.00 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.66. JD.Com has a fifty-two week low of $22.50 and a fifty-two week high of $50.68.

JD.Com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.35. The company had revenue of $122.30 billion for the quarter, compared to analysts’ expectations of $122.78 billion. JD.Com had a negative net margin of 0.12% and a negative return on equity of 0.96%. The business’s revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. As a group, equities research analysts forecast that JD.Com will post 0.29 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in JD. FNY Investment Advisers LLC acquired a new stake in shares of JD.Com during the second quarter worth approximately $323,000. Scopia Capital Management LP boosted its holdings in shares of JD.Com by 7.6% during the second quarter. Scopia Capital Management LP now owns 5,049,272 shares of the information services provider’s stock worth $196,669,000 after purchasing an additional 358,042 shares during the period. Torch Wealth Management LLC acquired a new stake in shares of JD.Com during the second quarter worth approximately $277,000. East Coast Asset Management LLC. boosted its holdings in shares of JD.Com by 32.7% during the second quarter. East Coast Asset Management LLC. now owns 440,105 shares of the information services provider’s stock worth $17,142,000 after purchasing an additional 108,459 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of JD.Com by 95.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 29,869 shares of the information services provider’s stock worth $1,163,000 after purchasing an additional 14,591 shares during the period. 51.17% of the stock is currently owned by institutional investors and hedge funds.

About JD.Com

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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