Benchmark Reaffirms “Buy” Rating for JD.com (NASDAQ:JD)

JD.com (NASDAQ:JD)‘s stock had its “buy” rating reissued by investment analysts at Benchmark in a report issued on Friday,Benzinga reports. They currently have a $47.00 target price on the information services provider’s stock. Benchmark’s price objective would indicate a potential upside of 37.15% from the stock’s current price.

JD has been the topic of a number of other research reports. Susquehanna restated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Barclays upped their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Sanford C. Bernstein cut their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.71.

JD.com Stock Performance

Shares of JD.com stock traded up $0.92 on Friday, reaching $34.27. 4,322,965 shares of the stock were exchanged, compared to its average volume of 14,949,063. The firm has a market capitalization of $54.05 billion, a PE ratio of 12.41, a PEG ratio of 0.40 and a beta of 0.41. JD.com has a 1-year low of $20.82 and a 1-year high of $47.82. The business has a fifty day moving average price of $37.17 and a two-hundred day moving average price of $31.49. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. The firm had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. As a group, research analysts anticipate that JD.com will post 3.74 earnings per share for the current fiscal year.

Institutional Trading of JD.com

Hedge funds have recently made changes to their positions in the company. Atlas Capital Advisors LLC acquired a new position in shares of JD.com in the second quarter worth about $28,000. Allspring Global Investments Holdings LLC increased its holdings in JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after purchasing an additional 1,681 shares during the last quarter. Huntington National Bank raised its position in shares of JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new position in shares of JD.com during the 3rd quarter valued at approximately $103,000. Finally, Blue Trust Inc. grew its position in shares of JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after buying an additional 2,360 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.