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

JD.com (NASDAQ:JD) released its quarterly earnings data on Wednesday. The information services provider reported $6.70 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.83, MarketWatch Earnings reports. JD.com had a net margin of 2.20% and a return on equity of 10.48%. The company had revenue of $247.70 billion for the quarter, compared to analysts’ expectations of $246.99 billion. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis.

JD.com Stock Performance

Shares of JD traded down $0.47 during midday trading on Friday, hitting $27.61. 11,544,980 shares of the stock traded hands, compared to its average volume of 10,701,538. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 1.34. The business’s 50 day moving average price is $28.09 and its two-hundred day moving average price is $33.29. The firm has a market capitalization of $38.56 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.26 and a beta of 0.56. JD.com has a 1-year low of $24.01 and a 1-year high of $67.10.

Institutional Trading of JD.com

Several hedge funds have recently added to or reduced their stakes in JD. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of JD.com in the 1st quarter worth approximately $81,000. Cetera Investment Advisers grew its stake in shares of JD.com by 16.9% in the 1st quarter. Cetera Investment Advisers now owns 7,776 shares of the information services provider’s stock worth $450,000 after purchasing an additional 1,125 shares during the last quarter. West Family Investments Inc. acquired a new stake in JD.com during the first quarter valued at approximately $340,000. Ergoteles LLC bought a new position in shares of JD.com in the first quarter valued at $307,000. Finally, Federated Hermes Inc. lifted its position in shares of JD.com by 155.4% during the 1st quarter. Federated Hermes Inc. now owns 1,513,562 shares of the information services provider’s stock valued at $87,590,000 after acquiring an additional 920,886 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

JD has been the topic of a number of recent research reports. StockNews.com cut shares of JD.com from a “buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of JD.com from $40.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, October 16th. Susquehanna decreased their price objective on JD.com from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, August 31st. UBS Group upgraded shares of JD.com from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $40.00 to $39.00 in a research report on Wednesday, November 1st. Finally, Sanford C. Bernstein cut JD.com from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $55.00 to $31.00 in a research report on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $45.14.

JD.com Company Profile

JD.com, Inc provides supply chain-based technologies and services 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.