JD.Com (NASDAQ:JD) PT Raised to $31.00

JD.Com (NASDAQ:JD) had its price target lifted by Mizuho from $28.00 to $31.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has a neutral rating on the information services provider’s stock.

A number of other brokerages also recently weighed in on JD. Nomura upgraded JD.Com from a neutral rating to a buy rating and set a $29.81 price target for the company in a report on Wednesday, May 15th. Stifel Nicolaus restated a hold rating and set a $35.00 price objective on shares of JD.Com in a research note on Tuesday, August 13th. CICC Research upgraded JD.Com from a hold rating to a buy rating and set a $27.66 price objective for the company in a research note on Monday, May 13th. BidaskClub downgraded JD.Com from a buy rating to a hold rating in a research note on Thursday, August 1st. Finally, China International Capital upgraded JD.Com to a buy rating in a research note on Monday, May 13th. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $32.58.

Shares of NASDAQ JD opened at $31.29 on Wednesday. JD.Com has a twelve month low of $19.21 and a twelve month high of $33.60. The company has a current ratio of 0.83, a quick ratio of 0.49 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $35.67 billion, a price-to-earnings ratio of -1,043.00 and a beta of 1.42. The business has a 50 day simple moving average of $30.07 and a 200-day simple moving average of $28.44.

JD.Com (NASDAQ:JD) last issued its quarterly earnings results on Tuesday, August 13th. The information services provider reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.18. JD.Com had a return on equity of 7.93% and a net margin of 1.23%. The business had revenue of $150.28 billion during the quarter, compared to the consensus estimate of $147.44 billion. During the same period in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue was up 22.9% on a year-over-year basis. As a group, equities analysts predict that JD.Com will post 0.54 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc bought a new position in shares of JD.Com in the second quarter worth $25,000. CWM LLC bought a new position in shares of JD.Com in the second quarter worth $26,000. WealthStone Inc. bought a new position in shares of JD.Com in the second quarter worth $28,000. Ropes Wealth Advisors LLC acquired a new stake in shares of JD.Com in the second quarter valued at $30,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of JD.Com in the first quarter valued at $51,000. 48.93% of the stock is owned by institutional investors.

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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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Analyst Recommendations for JD.Com (NASDAQ:JD)

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