JD.Com (NASDAQ:JD) Upgraded at 86 Research

86 Research upgraded shares of JD.Com (NASDAQ:JD) from a hold rating to a buy rating in a research report sent to investors on Friday morning, BenzingaRatingsTable reports. They currently have $41.00 target price on the information services provider’s stock, up from their previous target price of $35.00.

A number of other equities research analysts have also issued reports on the company. Credit Suisse Group reissued an outperform rating on shares of JD.Com in a research note on Wednesday, July 17th. Mizuho raised their price target on JD.Com from $28.00 to $31.00 and gave the stock a neutral rating in a research note on Wednesday, August 14th. Barclays started coverage on JD.Com in a research note on Monday, August 19th. They set an equal weight rating and a $36.00 price target for the company. Benchmark reissued a buy rating and set a $40.00 price target (up from $36.00) on shares of JD.Com in a research note on Wednesday, August 14th. Finally, ValuEngine lowered JD.Com from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. JD.Com currently has a consensus rating of Buy and an average price target of $33.40.

Shares of JD.Com stock traded up $1.13 on Friday, reaching $29.71. The company had a trading volume of 16,959,220 shares, compared to its average volume of 10,989,934. The firm has a market cap of $41.40 billion, a price-to-earnings ratio of -990.33 and a beta of 1.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.91 and a quick ratio of 0.58. The firm’s 50-day moving average price is $29.87 and its two-hundred day moving average price is $29.42. JD.Com has a 1 year low of $19.21 and a 1 year high of $32.38.

JD.Com (NASDAQ:JD) last announced its earnings results on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.18. JD.Com had a return on equity of 7.72% and a net margin of 1.23%. The firm had revenue of $150.28 billion during the quarter, compared to analysts’ expectations of $147.44 billion. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s quarterly revenue was up 22.9% on a year-over-year basis. As a group, analysts anticipate that JD.Com will post 0.77 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM Advisors LLC raised its position in shares of JD.Com by 2.5% in the 2nd quarter. CWM Advisors LLC now owns 16,930 shares of the information services provider’s stock worth $513,000 after acquiring an additional 407 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of JD.Com by 1.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 31,397 shares of the information services provider’s stock worth $951,000 after acquiring an additional 420 shares in the last quarter. Signaturefd LLC raised its position in shares of JD.Com by 11.8% in the 2nd quarter. Signaturefd LLC now owns 4,397 shares of the information services provider’s stock worth $133,000 after acquiring an additional 465 shares in the last quarter. Schnieders Capital Management LLC raised its position in shares of JD.Com by 7.4% in the 2nd quarter. Schnieders Capital Management LLC now owns 8,750 shares of the information services provider’s stock worth $265,000 after acquiring an additional 600 shares in the last quarter. Finally, MML Investors Services LLC raised its position in shares of JD.Com by 2.1% in the 1st quarter. MML Investors Services LLC now owns 30,419 shares of the information services provider’s stock worth $917,000 after acquiring an additional 636 shares in the last quarter. 40.12% of the stock is owned by institutional investors and hedge funds.

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 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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