JD.com (NASDAQ:JD) Issues Quarterly Earnings Results

JD.com (NASDAQ:JD) posted its quarterly earnings results on Thursday. The information services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.90 by $0.07, Zacks reports. JD.com had a return on equity of 14.53% and a net margin of 3.12%.

JD.com Stock Up 1.0 %

JD.com stock traded up $0.43 during midday trading on Thursday, hitting $44.19. 31,548,305 shares of the company were exchanged, compared to its average volume of 12,988,425. The company’s fifty day moving average price is $38.69 and its 200-day moving average price is $36.58. The company has a market cap of $69.69 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com has a fifty-two week low of $23.65 and a fifty-two week high of $47.82.

Wall Street Analysts Forecast Growth

JD has been the subject of several recent analyst reports. Barclays lifted their price target on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Citigroup reduced their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Dbs Bank raised JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.71.

Hedge Funds Weigh In On JD.com

A hedge fund recently bought a new stake in JD.com stock. Brighton Jones LLC bought a new stake in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,789 shares of the information services provider’s stock, valued at approximately $270,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

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.